What is the difference in the amount of interest

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Reference no: EM133016683

The Rob U Blind Bank advertises capital savings at 7.128% compounded semi-annually while Take Your Money Trust offers premium savings at 7.1% compounded monthly. Suppose you have $4400.00 to invest for two years.

a) Which deposit will earn more interest?

b) What is the difference in the amount of interest?

Reference no: EM133016683

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