A few years ago Avtar invested $6000 in a compound-interest GIC that earned 2.5% compounded semiannually. He
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A few years ago Avtar invested $6000 in a compound-interest GIC that earned 2.5% compounded semiannually. He recently received the maturity value of $6626.92. What was the term of the GIC?
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Given The term of the GIC was 400 years 71 In P...View the full answer
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Related Book For
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
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