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    Exam 8: Compound Interest: Future Value and Present Value
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    If an Investor Has the Choice Between Rates of 5
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If an Investor Has the Choice Between Rates of 5

Question 263

Question 263

Short Answer

If an investor has the choice between rates of 5.4% compounded quarterly and 5.5% compounded annually for a six-year GIC, which rate should be chosen?

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