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The Continental Bank advertises capital savings at 7.8% compounded annually while TD Canada Trust offers premium savings at 7.6% compounded monthly. Suppose you have $1000

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The Continental Bank advertises capital savings at 7.8% compounded annually while TD Canada Trust offers premium savings at 7.6% compounded monthly. Suppose you have $1000 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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