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Stan Purchased a $15,000 Compound-Interest Series103 Canada Savings Bond on December

Question 41

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Stan purchased a $15,000 compound-interest Series103 Canada Savings Bond on December 1, 2008. The interest rate in the first year was 2.5% and in the second year was 3.00%. What interest did he receive when he redeemed the CSB on May 1, 2010?

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