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q (FORMULA) (10 marks) British Columbia Savings offers three-year term deposits at 19.125% compounded annually while your credit union offers such deposits at 18.9% compounded

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(FORMULA) (10 marks) British Columbia Savings offers three-year term deposits at 19.125% compounded annually while your credit union offers such deposits at 18.9% compounded quarterly. If you have $13,000 to invest, what is the maturity value of your deposit a) at British Columbia Savings? b) at your credit union

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