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devildoc devildoc
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A year ago
Interest rates were at historical highs in the early 1980s. In August of 1981, you could earn 17.5% compounded annually on a five-year term deposit with a Canadian bank. Since then, the interest rate offered on five-year term deposits dropped to a low of 2.0% compounded annually in February of 2013. On a $10,000 deposit for a term of five years, how much more would you have earned at the historical high interest rate than at the more recent low rate?
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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eap8eap8
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A year ago
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devildoc Author
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A year ago
Thanks
asd454512
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Yesterday
this is exactly what I needed
deathDoUsPart
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2 hours ago
Smart ... Thanks!
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