Post a New Question


posted by .

A credit Union pays 8.25% comppunded annually on 5-year compound-interest GICs. It wants to set the rates on its semiannulaly and monthly compounded GICs of the same maturity so that investors will earnt eh same total interest. What should be the rates on the GICs with the higher compounding frequencies?

Pls Help!!!

Answer This Question

First Name:
School Subject:

Related Questions

More Related Questions

Post a New Question