1. A deposit of $10,000 is made in a bank for 1 year. The bank...
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A deposit of $ is made in a bank for year. The bank offers options;A Receive interest @ PA compounded monthlyB. Receive interest @ PA compounded half yearlyWhich option should be preferred? A company is borrowing $ from a bank for expansion of its business. The banks gives it two options:A Return the money in equal annual instalments @ PAB Return the money in equal half yearly instalments over a period of years @ PAWhich option should be preferred?
A deposit of $ is made in a bank for year. The bank offers options;A Receive interest @ PA compounded monthlyB. Receive interest @ PA compounded half yearlyWhich option should be preferred? A company is borrowing $ from a bank for expansion of its business. The banks gives it two options:A Return the money in equal annual instalments @ PAB Return the money in equal half yearly instalments over a period of years @ PAWhich option should be preferred?
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