You invest $6780 in a floating rate guaranteed investment certificate. For the first 30 months you...
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You invest $6780 in a floating rate guaranteed investment certificate. For the first 30 months you earn 4.9% compounded semi-annually. For the next 8 months you earn 4.32% compounded monthly. What is the maturity value of the certificate? Select one: O A. $7875.44 O B. $7857.44 O C. $7775.44 O D. $7785.44 O E. $7888.44 You invest $6780 in a floating rate guaranteed investment certificate. For the first 30 months you earn 4.9% compounded semi-annually. For the next 8 months you earn 4.32% compounded monthly. What is the maturity value of the certificate? Select one: O A. $7875.44 O B. $7857.44 O C. $7775.44 O D. $7785.44 O E. $7888.44
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Related Book For
Probability And Statistics For Engineering And The Sciences
ISBN: 9781305251809
9th Edition
Authors: Jay L. Devore
Posted Date:
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