Bank a offers a 2-year certificate of deposit cd that pays, Finance Basics

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Bank a offers a 2-year certificate of deposit cd that pays

Question: Bank A offers a 2-year certificate of deposit (CD) that pays 10 percent compounded semi-annually. Bank B offers a 2-year CD that is compounded quarterly. The CDs have identical risk. What is the stated rate Bank B would have to offer to make you indifferent between the two investments? please explain how to do this on the financial calculator.

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Finance Basics: Bank a offers a 2-year certificate of deposit cd that pays

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Finance Basics: Bank a offers a 2-year certificate of deposit cd that pays

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