'Evaluating savings plans' presentation slideshows

Chapter 5 Financial Services: Savings Plans and Payment Accounts

Chapter 5 Financial Services: Savings Plans and Payment Accounts. Chapter 5 Learning Objectives. Analyze factors that affect selection and use of financial services Compare the types of financial institutions Compare the costs and benefits of various savings plans

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Banking Services: Savings Plans and Payment Accounts

342 views • 20 slides

Evaluating Savings Plans

LO#4. Evaluating Savings Plans. Rate of return (or yield) Percentage increase in value due to interest Compounding - interest on interest Effective Annual Rate (EAR) calculates the effective return taking compounding into effect. EAR = (1 +km)m – 1 m = number of periods in year

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