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1. A. Toronto Dominion Bank pays 7 percent simple interest on its savings account balances, whereas Bank of Montreal pays 7 percent interest compounded
1. A. Toronto Dominion Bank pays 7 percent simple interest on its savings account balances, whereas Bank of Montreal pays 7 percent interest compounded annually. B. If you made a $6,000 deposit in each bank, how much more money would you earn from your Bank of Montreal account at the end of 9 years?
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Accounting Business Reporting For Decision Making
Authors: Jacqueline Birt, Keryn Chalmers, Albie Brooks, Suzanne Byrne, Judy Oliver
4th Edition
978-0730302414, 0730302415
