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The Royal Bank pays an interest rate of 0 . 6 % on redeemable GICs and 0 . 7 5 % on non - redeemable

The Royal Bank pays an interest rate of 0.6% on redeemable GICs and 0.75% on non-redeemable GICs. In order to retain the redemption privilege, how much interest must be sacrificed on an investment of $15,000 for 120 days?

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