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For investments over $5,000, a bank quotes interest rate of 2.75% on 90-day GICs, and 3.25% on 180-day GICs. How much more interest will an investor earn by placing $8000 in the 180-day GIC, rather than purchasing two consecutive 90-day GICs?
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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Ms T.Ms T.
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