Types of interest accounts
Problem:
A bank offers two types of interest accounts. The first account receives 8% interest compounded quarterly. The second account receives 6% interest compounded continuously. Which account is better and why?
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It has no debt, has net income of $10 per share, and pays dividends of $4 per share. What is the sustainable growth rate?
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A bank offers two types of interest accounts. The first account receives 8% interest compounded quarterly.
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