Question

1. Mr. Rahim wants to deposit Tk. 10 lakh in the bank for 10
years to buy a flat. 'A' Bank proposes at 12% rate in the
quarterly compound. On the others hand, 'B' Bank proposes
at the rate of 12% in the yearly compound.
a) What is the opportunity cost?
b) Which one is the new method of long term investment?
Explain it.
c) How much money can Mr. Rahim withdraw from 'A'
Bank after 10 years?
d) Which bank is more profitable for Mr. Rahim to deposit
money? Argue for your answer.​

Answer 1

Answer:

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