A $1000 five-year compound-interest GIC matured at $1234.01. What semiannually compounded rate of interest did it earn?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 07:28 AM

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A $1000 five-year compound-interest GIC matured at $1234.01. What semiannually compounded rate of interest did it earn?

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Given PV 1000 FV 123401 n 25 10 The bequ...View the full answer

Business Mathematics In Canada

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