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    Exam 8: Compound Interest: Future Value and Present Value
  5. Question
    Krista Invested $18,000 in a 3-Year Regular-Interest GIC Earning 4
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Krista Invested $18,000 in a 3-Year Regular-Interest GIC Earning 4

Question 208

Question 208

Short Answer

Krista invested $18,000 in a 3-year regular-interest GIC earning 4.2% compounded semi-annually. What is the semi-annual interest payment?

Correct Answer:

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