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Title: ICICI quotes nominal annual interest rate of 6.6% compounded annually, 6.5% compounded semi-annually ... Post by: majarm on Nov 27, 2017 ICICI quotes nominal annual interest rate of 6.6% compounded annually, 6.5% compounded semi-annually and 6.4% compounded monthly on 5 year compound interest GICs. What rate should an investor choose?
A) 6.6% compounded annually B) 6.5% compounded semi-annually C) 6.4% compounded monthly D) Any, as all alternatives are same E) Insufficient data to make a decision Title: Re: ICICI quotes nominal annual interest rate of 6.6% compounded annually, 6.5% compounded ... Post by: yacom on Nov 27, 2017 B
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