Jack has visited his local bank. He has R 1 500 000 to invest, but have been offered 3 different investment rates:
– 12% Compounded Annually
– 11.45% Compounded Quarterly
– 11.5% Compounded Monthly

Which interest rate option should he select if he plans to invest for 3 years?

Jack has visited his local bank. He has R 1 500 000 to invest, but have been offered 3 different investment rates:
– 12% Compounded Annually
– 11.45% Compounded Quarterly
– 11.5% Compounded Monthly

Which interest rate option should he select if he plans to invest for 3 years?

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