A retail charge card can be accessed by writing checks, Financial Management

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A retail charge card can be accessed by writing checks

1. You are considering the following investments:

A. Bank A promises to pay 8% on your deposit compounded annually.

B. Bank B promises to pay 8% on your deposit compounded daily.

C. Bank C promises to pay 8% on your deposit compounded continuously.

How much will you have in ten years if you invested $200 in each of these accounts today?

2. A retail charge card can be accessed by writing checks against demand deposit.

false

true

3. Paying a loan ahead of schedule is one way to build a good credit history.

true

false

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Financial Management: A retail charge card can be accessed by writing checks

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