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mariasmakatof mariasmakatof
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A year ago
Your company has extra free cash flow ($200,000) and is looking to invest for a one-year term. You have obtained two quotes, Quote A from the bank is 2.5% compounded semiannually, Quote B is from a credit union and will provide a rate of return of 2.4% compounded monthly. How much extra can you earn in interest if you choose the right quote?
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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EM81607EM81607
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