For 90- to 365-Day GICs, TD Canada Trust Offered a Rate

question 26

Short Answer

For 90- to 365-day GICs, TD Canada Trust offered a rate of 3.00% on investments of $25,000 to $59,999 and a rate of 3.20% on investments of $60,000 to $99,999. How much more will an investor earn from a single $60,000, 270-day GIC than from two $30,000, 270-day GICs?

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Definitions:

Justify Torture

The action or ethical reasoning process of defending the use of torture, typically under specific circumstances deemed exceptional, such as national security threats.

Interrogation

The process of formally questioning a suspect or witness in detail, often associated with law enforcement and criminal investigations.

Legal Model

A theoretical framework that views law making and legal processes as primarily the product of formal rules and principles.

Columbia

A country in South America known for its diverse landscapes and rich cultural heritage.