Compounding interest and the banker

Need by 23 Oct 2015 by 2300hrs EST in 300-500 words only

 

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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.

 

You may use the following book as a reference: Parrino, R., Kidwell, D. S., Bates, T. (09/2014). Fundamentals of Corporate Finance, 3rd Edition. [VitalSource Bookshelf Online]. Retrieved from http://kaplan.vitalsource.com/#/books/9781118901656/

 

Need by 23 Oct 2015 by 2300hrs EST in 300-500 words only

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