Answered

Westonci.ca is the premier destination for reliable answers to your questions, provided by a community of experts. Our platform provides a seamless experience for finding reliable answers from a knowledgeable network of professionals. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

A building society is advertising the following savings accounts.
Nominal
interest rate
Account
Marble Saver
Oak Saver
4.75% p.a.
paid yearly
b) Explain why AER is used.
4.7% p.a.
paid monthly
AER (%)
10
a) Use the information given to work out the AER for both savings accounts.

Sagot :

We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. We hope this was helpful. Please come back whenever you need more information or answers to your queries. Thank you for choosing Westonci.ca as your information source. We look forward to your next visit.