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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 $10,000 for 180 days. Your bank offers a rate of 2.60% on 90-day GICs and 2.90% on 180-day GICs.
How much more interest will you earn if you purchase a single 180-day GIC instead of two consecutive 90-day GICs? Remember that the interest earned from the first 90-day GIC will be invested in the second 90-day GIC along with the principal.
Express your answer to 2 decimal places but do not include the $ sign.
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