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Your company has extra free cash flow ($200,000) and is looking to invest for a one-year term. You ...

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Your company has extra free cash flow ($200,000) and is looking to invest for a one-year term. You ...

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?

▸ $168.10

▸ $178.10

▸ $187.10

▸ $148.10

▸ $198.10

Textbook

Business Mathematics in Canada

Edition: 11^th

Authors: Jerome, Worswick

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This helped my grade so much Perfect

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this is exactly what I needed

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