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    Exam 9: Compound Interest: Further Topics and Applications
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    The Maturity Value of a $5,000 Four-Year Compound- Interest GIC
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The Maturity Value of a $5,000 Four-Year Compound- Interest GIC

Question 286

Question 286

Short Answer

The maturity value of a $5,000 four-year compound- interest GIC was $5,839.72. What quarterly compounded rate of interest did it earn?

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1.30% comp...

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