Calculate the maturity value of $2000 invested in a five-year compound-interest GIC earning 4.1% compounded annually.
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Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...
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Given PV 2000 j 41 m ...View the full answer
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