You want to deposit your money and.19 you get two offers from two different banks....
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You want to deposit your money and.19 you get two offers from two different banks. Bank A offers you a 5% interest compounded quarterly, whereas bank B offers you a 6% interest compounded semi annually. Everything else held constant, in which bank would you prefer to deposit ?your funds (2) (2 ) a-Bank B b- Bank A C-Both banks d- None of the banks You are graduating from high school. 20 this year and planning to study Business in university for four years. The charges per year will be 4000 KD per year. If you need to withdraw the first 4000 KD a year from today, how much do you need to deposit in bank today so that it would be enough to provide the 4000 KD at the end of each of the four coming years. Assume that the interest paid by the bank on the deposit is .5% annually (3 (3 ) a-15, 120 KD b-16,120 KD C-14,184 KD d- 13,184 KD
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