Re: Puzzel of interest
Foxy Emma Jane wrote:
> So I put 600,000 yen in a Japanese Bank's "saving" account.
>
> 1. After 4 months how much interest had I earned?
Assuming a lump sum deposit into an ordinary savings account having the
average interest rate of 0.003% per annum, after four months you will have
earned six yen. How close did I get?
Source: http://www.boj.or.jp/stat/kinri/te030604_f.htm
> 2. Where should I have put the money?
Outside Japan. My checking accout has a 1.31% APY. Put the money there.
--
Kevin Gowen
Fnews-brouse 1.9(20180406) -- by Mizuno, MWE <mwe@ccsf.jp>
GnuPG Key ID = ECC8A735
GnuPG Key fingerprint = 9BE6 B9E9 55A5 A499 CD51 946E 9BDC 7870 ECC8 A735