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    Exam 8: Compound Interest: Future Value and Present Value
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    Mrs Sandhu Placed $11,500 in a 4-Year Compound-Interest GIC Earning
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Mrs Sandhu Placed $11,500 in a 4-Year Compound-Interest GIC Earning

Question 200

Question 200

Short Answer

Mrs. Sandhu placed $11,500 in a 4-year compound-interest GIC earning 3.75% compounded monthly. What is the GIC's maturity value?

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