A few years ago Avtar invested $6000 in a compound-interest GIC that earned 2.5% compounded semiannually. He

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A few years ago Avtar invested $6000 in a compound-interest GIC that earned 2.5% compounded semiannually. He recently received the maturity value of $6626.92. What was the term of the GIC?

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Fundamentals Of Business Mathematics In Canada

ISBN: 9781259370151

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Authors: F. Ernest Jerome, Jackie Shemko

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Question Posted: Oct 21, 2020 05:41 AM

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A few years ago Avtar invested $6000 in a compound-interest GIC that earned 2.5% compounded semiannually. He

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Given The term of the GIC was 400 years 71 In P...View the full answer

Fundamentals Of Business Mathematics In Canada

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