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Please help here:) Look at the link. http://www.csb.gc.ca/about/rates/
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The formula Phil provides already solved everything! My opinion is not worth to invest since: You gain $ 150 for 60 months: $ 2,5/ monthly in compared with $100 monthly invest! In case you double invest $200, then the interest is $5/ month which is 2.5%.
Definitely!
Yes, all Phil's calculation is precisely, no doubt! I just round it off to explain!
I don't know enough about this to help you. Sorry.
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