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Answer to Question #167769 in Financial Math for Rhiannon Pcy

Question #167769

Jenny is planning to deposit P17,000.00 Quezon Metropolitan Bank is offering 7.5% compounded semi-annually for 5 years while Quezon Premier Bank is offering 7% compounded monthly for 5 years. Which bank should she deposit her money?


1
Expert's answer
2021-03-01T15:05:56-0500
Dear Rhiannon Pcy, your question requires a lot of work, which neither of our experts is ready to perform for free. We advise you to convert it to a fully qualified order and we will try to help you. Please click the link below to proceed: Submit order

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