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    Exam 9: Compound Interest: Further Topics and Applications
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    $5000 Invested in a GIC Earning 3
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$5000 Invested in a GIC Earning 3

Question 53

Question 53

Short Answer

$5000 invested in a GIC earning 3.7% compounded semiannually matured at$5789.73. What was the term of the GIC?

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