Finance Unit 5 Discussion
Question # 00714208
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Updated on: 01/10/2019 12:48 PM Due on: 01/10/2019
Finance Unit 5 Discussion
There are many factors influencing the cost of money for both individuals and corporations. Suppose you deposit money in an interest bearing account and at the same time borrow a bit of money from the same bank.
- In which account would the bank apply quarterly compounding factors versus simple interest?
- Explain your choices and your reasoning. You may want to check your personal accounts in regard to this type of transaction.
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Solution: Finance Unit 5 Discussion