Peer reviewed journal articles have an academic, formal tone while news articles or Facebook postings have a less formal tone. Academic articles need to be reviewed by the APA, or the actually academic journal that publishes the information.
August 27, 2021
Discussion 5
August 27, 2021

interest and banker

Compounding Interest and the Banker

There are many factors influencing the cost of money for both individuals and corporations. Suppose you deposit money in an interest bearing account and at the same time borrow a bit of money from the same bank.

  • In which account would the bank apply quarterly compounding factors versus simple interest.
  • Explain your choices and your reasoning. You may want to check your personal accounts in regard to this type of transaction.
  • Min. 150 words
 
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