Question 1129741
An investor intends to invest $ 16,500,000,00 in an application in "Bank A" that pays 45.5% per year for 30 consecutive days and corresponding to 21 business days. Suppose that "Bank B" pays 45% per year for 33 consecutive days and corresponds to 22 business days.
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For a specified period of time the 45.5% investment will always
yield more interest than the 45% investment for the same period.
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Cheers,
Stan H.
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