Question: $5000 invested in a GIC earning 3.7% compounded semiannually matured at $5789.73. What was the term of the GIC?
$5000 invested in a GIC earning 3.7% compounded semiannually matured at $5789.73. What was the term of the GIC?
Step by Step Solution
3.48 Rating (161 Votes )
There are 3 Steps involved in it
Given PV 5000 FV 578973 j 37 m 2 Term of th... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
711-B-A-C-I (1148).docx
120 KBs Word File
