|
Title: Yellowknife Savings offers three-year term deposits at 9.125% compounded annually while your credit ... Post by: Lada on Nov 26, 2017 Yellowknife Savings offers three-year term deposits at 9.125% compounded annually while your credit union offers such deposits at 8.9% compounded quarterly. If you have $3000 to invest, what is the maturity value of your deposit
a) at Yellowknife Savings? b) at your credit union? Title: Re: Yellowknife Savings offers three-year term deposits at 9.125% compounded annually while your ... Post by: rmaccara on Nov 26, 2017 a) FV = 3000.00(1.09125)3 = 3000.00(1.2994895) = $3898.47
b) FV = 3000.00(1.02225)12 = 3000.00(1.3022232) = $3906.67 |