Which alternative should to choose for a savings account
A bank offers you two alternative interest schedules for a savings account of $100,000 locked in for 3 years: ( a ) a monthly rate of 1%; ( b ) an annually, continuously compounded rate ( rcc ) of 12%. Which alternative should you choose?
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A machine that costs $100,000 is expected to have a life of 5 years and then a scrap value of $15,000. If it's expected net returns are year 1 $20,000; year 2 $50,000; year 3 $35,000; year 4 $35,000; year 5 $35,000, and projects of this type are e
A bank offers you two alternative interest schedules for a savings account of $100,000 locked in for 3 years. Which alternative should you choose?
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