R Reuburn New member Jan 23, 2011 #1 Bank A has an annual effective interest rate of 10%. Bank B has a nominal interest rate of 9.75%. What is the minimum frequency of compounding for bank B in order that the rate of bank B be just as attractive as bank A?
Bank A has an annual effective interest rate of 10%. Bank B has a nominal interest rate of 9.75%. What is the minimum frequency of compounding for bank B in order that the rate of bank B be just as attractive as bank A?
