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    Exam 9: Compound Interest: Further Topics and Applications
  5. Question
    Kristina Can Invest in a Two-Year GIC for 5
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Kristina Can Invest in a Two-Year GIC for 5

Question 261

Question 261

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Kristina can invest in a two-year GIC for 5.85% compounded monthly or 6% compounded annually. Which option pays the most interest? Support your answer with calculations.

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5.85% comp...

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