The Continental Bank advertises capital savings at 5 . 4 % compounded semi dash annually while TD
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Question:
The Continental Bank advertises capital savings at compounded semi dash annually while TD Canada Trust offers premium savings at compounded monthly. Suppose you have $ to invest for two years.
a Which deposit will earn more interest?
b What is the difference in the amount of interest?
Question content area bottom
Part
a The
Continental Bank
savings account will earn more interest.
Part
b The difference is $
enter your response here.
Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.
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