DUE: 11.14.14 @11:59PM
There are many factors influencing the cost of money for both individuals and corporations. Suppose you deposit money in an interest bearing account and at the same time borrow a bit of money from the same bank.
- In which account would the bank apply quarterly compounding factors versus simple interest.
- Explain your choices and your reasoning. You may want to check your personal accounts in regard to this type of transaction.
Document Requirements:
Use standard 12-point font size
MS Word Document
3/4-1 page paper(Nothing less then 3/4 of a page and nothing more then 1-page necessary)
1-2 sources in APA citation(I willn’t need anymore then 3 sources for sure)
Thorough Response is a must!!
And NO plagiarism!!
DUE: 11.14.14 @11:59PM
There are many factors influencing the cost of money for both individuals and corporations. Suppose you deposit money in an interest bearing account and at the same time borrow a bit of money from the same bank.
- In which account would the bank apply quarterly compounding factors versus simple interest.
- Explain your choices and your reasoning. You may want to check your personal accounts in regard to this type of transaction.
Document Requirements:
Use standard 12-point font size
MS Word Document
3/4-1 page paper(Nothing less then 3/4 of a page and nothing more then 1-page necessary)
1-2 sources in APA citation(I willn’t need anymore then 3 sources for sure)
Thorough Response is a must!!
And NO plagiarism!!
