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Please check my answer and provide a detailed solution preferably by hand The Continental Bank advertises capital savings at 7.8% compounded annually while TD Canada
Please check my answer and provide a detailed solution preferably by hand 
The Continental Bank advertises capital savings at 7.8% compounded annually while TD Canada Trust offers premium savings at 7.73% compounded quarterly. Suppose you have $3000 to invest for two years. (a) Which deposit will earn more interest? (b) What is the difference in the amount of interest? (a) The TD Canada Trust savings account will earn more interest (b) The difference is $ 10.16 (Round the final answer to the nearest cant as needed. Round all intermediate values to six decimal places as needed.) Step by Step Solution
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Investments Analysis And Management
Authors: Charles Jones, Nick Jones
11th Edition
0470477121, 9780470477120
