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Home Q & A Board Science-Related Homework Help Mathematics
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marmech12 marmech12
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A year ago
For amounts between $10,000 and $24,999, a credit union pays a rate of 2.5% on term deposits with maturities in the 91 to 120-day range. However, early redemption will result in a rate of 1.75% being applied. How much more interest will a 91-day $20,000 term deposit earn if it is held until maturity than if it is redeemed after 80 days?
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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malgrextoutmalgrextout
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A year ago
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marmech12 Author
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A year ago
Thanks
Smair87
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Yesterday
Helped a lot
wyq2651
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2 hours ago
Smart ... Thanks!
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