I need the details on how you arrive at the answer, no excel solving please...
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Finance
I need the details on how you arrive at the answer, no excel solving please You have the choice between two accounts: account A pays 8 % compounded continuously and account B pays 8.162% compounded semiannually. Rounded up to two decimal places, which account offers a better deal? (You must round the approximation after all the computations are done, not at an intermediate stage) a. A b. B c. Both are same d. Cannot be answered because the amount of deposit is not given e. Cannot be answered because neither the amount of deposit nor the life of the account is given
I need the details on how you arrive at the answer, no excel solving please
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