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.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.