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    Business Mathematics Study Set 1
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    Exam 9: Compound Interest: Further Topics and Applications
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    $5,000 Invested in a GIC Earning 3
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$5,000 Invested in a GIC Earning 3

Question 308

Question 308

Short Answer

$5,000 invested in a GIC earning 3.7% compounded semiannually earned interest of $789.73.What was the term of the GIC?

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