One bank advertises a nominal rate of 5.81% compounded semiannually. A second bank advertises a nominal rate of 5.72% compounded weekly. What are the effective yields? (Round your answers to two decimal places.)
first bank | % | |
second bank | % |
In which bank would you deposit your money?
first banksecond bank
Get Answers For Free
Most questions answered within 1 hours.