A $1000 five-year compound-interest GIC matured at $1041.25. What semiannually compounded rate of interest did it earn?

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Fundamentals Of Business Mathematics In Canada

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Authors: F. Ernest Jerome, Jackie Shemko

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Question Posted: Oct 21, 2020 05:40 AM

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A $1000 five-year compound-interest GIC matured at $1041.25. What semiannually compounded rate of interest did it earn?

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Fundamentals Of Business Mathematics In Canada

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