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Category > Business & Finance Posted 28 May 2017 My Price 7.00

First Simple Bank pays 9.2

First Simple Bank pays 9.2 percent simple interest on its investment accounts. If First Complex Bank pays interest on its accounts compounded annually, what rate should the bank set if it wants to match First Simple Bank over an investment horizon of 8 years?
 
 
 

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Status NEW Posted 28 May 2017 08:05 AM My Price 7.00

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