For investments between $100,000 and $249,999.99 and terms between 180 and 269 days, Royal Bank pays 1.00%
Question:
For investments between $100,000 and $249,999.99 and terms between 180 and 269 days, Royal Bank pays 1.00% on a non redeemable GlC and 0.75% on a redeemable GlC. Julienne has $185,000 to invest for 195 days and is certain that she will not need earlier access to her money. flow much more will she earn if she chooses the non-redeemable option instead of the redeemable?
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If she invests in the nonredeemable GIC Julienne will have a ...View the full answer
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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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