Maurice Tutor

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Teaching Since: May 2017
Last Sign in: 409 Weeks Ago, 1 Day Ago
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 30 Nov 2017 My Price 3.00

CDs look

To make CDs look more attractive than they really are, some banks advertise that their rates are higher than their competitors’ rates; however, the fi ne print says that the rate is a simple interest rate. If a person deposits $10,000 at 10% per year simple interest, what compound interest rate would yield the same amount of money in 3 years?

 

 

 
 

Answers

Maurice Tutor
(5)
Status NEW Posted 30 Nov 2017 08:11 PM My Price 3.00

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