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Provide me the answer to this question in 300-350 words. Search the one-year GIC rate of any Canadian bank and use the rate for the

Provide me the answer to this question in 300-350 words. Search the one-year GIC rate of any Canadian bank and use the rate for the following calculation: Would you rather receive the rate that pays compounded semi-annually or pays compounded monthly? Explain briefly with calculations. Give 1 APA reference.

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