Question: Malcolm opened this portfolio when he was 20. . A $1200 GIC that earns 2.65%, compounded quarterly . Monthly deposits of $250 into an account

Malcolm opened this portfolio when he was 20. . A $1200 GIC that earns 2.65%, compounded quarterly . Monthly deposits of $250 into an account earning 1.75%, compounded monthly When he turned 30, he cashed in the whole portfolio and bought a bond earning 7.5%, compounded semi-annu- ally. What will be the value of the bond when Malcolm turns 65? PV: PV: PMT: PMT: FV: FV: RATE: RATE: PERIOD: PERIOD: Value of bond

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