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You have received a bonus of $5000 that you would like to invest. You have three options. BMO savings account which earns 15 percent compounded
You have received a bonus of $5000 that you would like to invest. You have three options. BMO savings account which earns 15 percent compounded daily; td savings account which earns 15.5 percent compounded quarterly and cibc savings account which earns 16 percent compounded annually. Which would you chose and why???
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