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The Continental Bank advertises capital savings at 6.9% compounded annually while TD Canada Trust offers premium savings at 6.75% compounded monthly. Suppose you have $2500

The Continental Bank advertises capital savings at 6.9% compounded annually while TD Canada Trust offers premium savings at 6.75% compounded monthly. Suppose you have $2500 to invest for two years. (a) Which deposit will earn more interest? (b) What is the difference in the amount of interest? (a) The '7 savings account will earn more interest. (b) The difference is $ . (Round the nal answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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