First simple bank pays 4 percent simple interest on its

Reference no: EM13571409

First simple bank pays 4 percent simple interest on its investment accounts. If first Complex Bank pays interest on its accounts compounded annualy, the bank should set a rate of what percent? if it wants to match First Simple Bank over an investment horizon of 10years.

First Simple Bank pays 8% simple interest on its investment accounts. If First Complex Bank pays interest on its account compounded annually, the bank should set a rate of what percent? if it wants to match First Simple Bank over an investment horizon of 15 years.

Reference no: EM13571409

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