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Home Q & A Board Science-Related Homework Help Mathematics
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jwalker824 jwalker824
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3 months 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?

▸ $168.10

▸ $178.10

▸ $187.10

▸ $148.10

▸ $198.10
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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marlboromanmarlboroman
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3 months ago
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$178.10
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jwalker824 Author
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3 months ago
This site is awesome
lierac00
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
mkyoungs
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2 hours ago
Just got PERFECT on my quiz
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