For investments between $100,000 and $249,999.99 and terms between 180 and 269 days, Royal Bank pays 1.00% on a non-redeemable GIC and 0.75% on a redeemable GIC. Julienne has $185,000 to invest for 195 days and is certain that she will not need earlier access to her money.
How much more will she earn if she chooses the non-redeemable option instead of the redeemable? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
Julienne will earn $  more.

Answer rating: 100% (QA)

Given that Investment is between 100000 and 24999999 The term is between 180 and 269 d... View the full answer