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You plan to invest $ 1 0 , 0 0 0 for 1 8 0 days. Your bank offers a rate of 2 . 6
You plan to invest $ for days. Your bank offers a rate of on day GICs and on day GICs.
How much more interest will you earn if you purchase a single day GIC instead of two consecutive day GICs? Remember that the interest earned from the first day GIC will be invested in the second day GIC along with the principal.
Express your answer to decimal places but do not include the $ sign.
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