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    Fundamentals of Corporate Finance Study Set 19
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    Exam 5: The Time Value of Money
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    If Bank a Pays Interest on a Monthly Basis and Bank
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If Bank a Pays Interest on a Monthly Basis and Bank

Question 8

Question 8

True/False

If Bank A pays interest on a monthly basis and Bank B pays the same interest on a quarterly basis, then investing $1,000 in Bank B will lead to a higher future value than investing the same amount in Bank A.

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