For amounts between $10,000 and $24,999, a credit union pays a rate of 0.5% on term deposits
Question:
For amounts between $10,000 and $24,999, a credit union pays a rate of 0.5% on term deposits with maturities in the 91-to-120-day range. However, early redemption will result in a rate of 0.2% being applied. How much more interest will a 91-day $20,000 term deposit earn if it is held until maturity than if it is redeemed after 80 days?
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Extra interest earned 2002493 2...View the full answer
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Gabriela Rosalía Castro
I have worked with very different types of students, from little kids to bussines men and women. I have thaught at universities, schools, but mostly in private sessions for specialized purpuses. Sometimes I tutored kids that needed help with their classes at school, some others were high school or college students that needed to prepare for an exam to study abroud. Currently I'm teaching bussiness English for people in bussiness positions that want to improve their skills, and preparing and ex-student to pass a standarized test to study in the UK.
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Related Book For 
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
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