Finance/accounting

Finance/accounting

Question # 00074528 Posted By: d225747559 Updated on: 06/05/2015 09:57 PM Due on: 06/08/2015
Subject Finance Topic Finance Tutorials:
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Compounding Interest and the Banker

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.
  • At least one Reference
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  1. neil2103
    Tutorial # 00069233 Posted By: neil2103 Posted on: 06/05/2015 10:01 PM
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