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    Exam 8: Compound Interest: Future Value and Present Value
  5. Question
    Eric Invested $22,000 in a 5-Year Regular-Interest GIC Earning 4
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Eric Invested $22,000 in a 5-Year Regular-Interest GIC Earning 4

Question 210

Question 210

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Eric invested $22,000 in a 5-year regular-interest GIC earning 4.5% compounded monthly. What is each monthly interest payment?

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