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The Continental Bank advertises capital savings at 6.6% compounded semi-annually while TD Canada Trust offers premium savings at 6.5% compounded quarterly. Suppose you have $1500
The Continental Bank advertises capital savings at
6.6%
compounded
semi-annually
while TD Canada Trust offers premium savings at
6.5%
compounded
quarterly.
Suppose you have
$1500
to invest for two years.
(a) Which deposit will earn more interest?
(b) What is the difference in the amount of interest?
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