You have a savings account that pays 37 interest compounded, Financial Management

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You have a savings account that pays 37 interest compounded

You have a savings account that pays 3.7% interest compounded semi annually, but you are considering transferring your funds into a savings account that pays 3.3% interest compounded monthly. Calculate the difference in the effective interest rates of the two accounts. What is the difference in the effective interest rates of your existing new accounts?) What are the calculations you used on a finance calculator?

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Financial Management: You have a savings account that pays 37 interest compounded

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Financial Management: You have a savings account that pays 37 interest compounded

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