Multiple Choice
Oswald has a five-year compound interest GIC. Its interest rate is 7.2% compounded monthly and its maturity value will be $76,243. How much interest will he have earned over the five-year term?
A) $49,500
B) $53,250
C) $26,743
D) $22,993
E) $19,243
Correct Answer:
Verified
Correct Answer:
Verified
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