Essay
Yellowknife Savings offers three-year term deposits at 9.125% compounded annually while your credit union offers such deposits at 8.9% compounded quarterly. If you have $3000 to invest, what is the maturity value of your deposit
a) at Yellowknife Savings?
b) at your credit union?
Correct Answer:
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a) FV = 3000.00(1.09125)3 = 300...View Answer
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Correct Answer:
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