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danby danby
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11 months ago
A trust company pays 2.5% compounded semiannually on its three-year GIC. For you to prefer a monthly compounded GIC of the same maturity, what value must its nominal interest rate exceed?
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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romeo_izzy13romeo_izzy13
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11 months ago
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danby Author
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11 months ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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Correct Slight Smile TY
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2 hours ago
Thanks
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