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Sindhu invested $10,000 in a six-month GIC at Laurentian Bank of Canada. The simple interest rate was 1.2%. Sindhu then invested the original principal
Sindhu invested $10,000 in a six-month GIC at Laurentian Bank of Canada. The simple interest rate was 1.2%. Sindhu then invested the original principal and interest in a six-month high interest savings account at CIBC, earning a simple interest rate of 1.1928%. How much interest was earned at each institution?
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International financial management
Authors: Jeff Madura
9th Edition
978-0324593495, 324568207, 324568193, 032459349X, 9780324568202, 9780324568196, 978-0324593471
