BMO Bank of Montreal advertises that it will pay an interest rate of 0.2% on a 30-to-59-day
Question:
BMO Bank of Montreal advertises that it will pay an interest rate of 0.2% on a 30-to-59-day GIC, or 0.4% on a 60-to-89-day GIC. Janette has $12,000 to invest. How much more interest will she receive if she invests her money for 60 days instead of 59?
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The 59day term deposit option will have a maturity v...View the full answer
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3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
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