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Author Question: In order to open up your new business you need to take out a loan. First Bank charges 6% compounded ... (Read 86 times)

Zulu123

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Question 1

If you could borrow at 9.5% compounded semi-annually or at 9.4% compounded monthly, which would you prefer?
◦ 9.5% compounded semi-annually
◦ Indifferent
◦ 9.4% compounded monthly

Question 2

In order to open up your new business you need to take out a loan. First Bank charges 6% compounded quarterly, and Second Bank charges 6.5% compounded semi-annually. From which bank would you prefer to obtain your loan?
◦ First Bank
◦ Second Bank
◦ Indifferent


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Marked as best answer by Zulu123 on Apr 25, 2021

guyanai

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Zulu123

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Reply 2 on: Apr 25, 2021
Thanks for the timely response, appreciate it


ttt030911

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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