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Essay

Time Value of Money

Essay specific features

 

Issue:

Business

 

Written by:

Lauren G

 

Date added:

July 9, 2013

 

Level:

University

 

Grade:

 

No of pages / words:

3 / 771

 

Was viewed:

692 times

 

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Essay content:

During class, the question was posed regarding compounding interest and the most advantageous number of periods to the consumer or account holder. I gave an answer including my choice of having interest compound daily or, if possible, hourly. We discussed that a savings and loan entity would be crushed if it offered hourly compounding interest for savings, money market, or other savings instruments...
displayed 300 characters

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During class, the question was posed regarding compounding interest and the most advantageous number of periods to the consumer or account holder. I gave an answer including my choice of having interest compound daily or, if possible, hourly. We discussed that a savings and loan entity would be crushed if it offered hourly compounding interest for savings, money market, or other savings instruments...
displayed 300 characters

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