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Interest rates were at historical highs in the early 1 9 8 0 s . In August of 1 9 8 1 , you could
Interest rates were at historical highs in the early s In August of you could earn compounded annually on a fiveyear term deposit with a Canadian bank. In February of that rate dropped to compounded annually. On a $ deposit for a term of five years, how much more would you have earned at the historical high interest rate than at the more recent low rate?
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