What is the difference in the amount of? interest

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The Continental Bank advertises capital savings at 7.5?% compounded annually while TD Canada Trust offers premium savings at 7.43?% compounded monthly, Suppose you have ?$1000 to invest for two years.

  • ?Which deposit will earn more? interest?
  • ?What is the difference in the amount of? interest?

Reference no: EM131908365

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