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Bank of Vancouver pays 7 percent simple interest on its savings account balances, whereas Bank of Calgary pays 7 percent interest compounded annually. If you
| Bank of Vancouver pays 7 percent simple interest on its savings account balances, whereas Bank of Calgary pays 7 percent interest compounded annually. |
| If you made a $6,000 deposit in each bank, how much more money would you earn from your Bank of Calgary account at the end of 9 years? (Do not round intermediate calculations and round your final answer to 2 decimal places.) |
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Simple interest per year is 6000 x 007 420 So after 9 ye...
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Fundamentals of corporate finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
9th edition
978-0077459451, 77459458, 978-1259027628, 1259027627, 978-0073382395
