First simple bank pays 4 percent simple interest on its investment accounts. If first Complex Bank pays interest on its accounts compounded annualy, the bank should set a rate of what percent? if it wants to match First Simple Bank over an investment horizon of 10years.
First Simple Bank pays 8% simple interest on its investment accounts. If First Complex Bank pays interest on its account compounded annually, the bank should set a rate of what percent? if it wants to match First Simple Bank over an investment horizon of 15 years.