A $1000 five-year compound-interest GIC matured at $1234.01. What semiannually compounded rate of interest did it earn?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Sep 21, 2024 08:02 AM

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A $1000 five-year compound-interest GIC matured at $1234.01. What semiannually compounded rate of interest did it earn?
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A $1000 five-year compound-interest GIC matured at $1234.01. What semiannually compounded rate of interest did it earn?

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Business Mathematics In Canada

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