E. $1000 was invested on April 18, 2015, in a GIC earning 7.7% per annum. On...
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E. $1000 was invested on April 18, 2015, in a GIC earning 7.7% per annum. On its maturity date, the certificate paid $32 28 interest. On what date did it mature? F. 4. Cecile placed $17,000 in a 270-day term deposit earning 4.25%. How much will the bank pay Cecile on the maturity date? G. What amount seven months from now is equivalent to $1215 today if money can be invested to earn 8.5 %? H. Two payments of $3000 each are to be received 3 and 12 months from now. If money is worth 5%, what is the total equivalent value of the payments: a) Today? b) 6 months from today? E. $1000 was invested on April 18, 2015, in a GIC earning 7.7% per annum. On its maturity date, the certificate paid $32 28 interest. On what date did it mature? F. 4. Cecile placed $17,000 in a 270-day term deposit earning 4.25%. How much will the bank pay Cecile on the maturity date? G. What amount seven months from now is equivalent to $1215 today if money can be invested to earn 8.5 %? H. Two payments of $3000 each are to be received 3 and 12 months from now. If money is worth 5%, what is the total equivalent value of the payments: a) Today? b) 6 months from today?
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Principles of Taxation for Business and Investment Planning 2016 Edition
ISBN: 9781259549250
19th edition
Authors: Sally Jones, Shelley Rhoades Catanach
Posted Date:
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