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1. Your escalator rate GIC has annually compounded interest rates of 1.15%, 1.95%, 3.2%, 4.7%, and 6.6% in subsequent years. On a $15.140 investment, calculate
1. Your escalator rate GIC has annually compounded interest rates of 1.15%, 1.95%, 3.2%, 4.7%, and 6.6% in subsequent years. On a $15.140 investment, calculate the following: a. The amount of interest earned in each year. 15 marks b. The annually compounded equivalent fixed rate. 5 marks
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Operations Management An Integrated Approach
Authors: R. Dan Reid, Nada R. Sanders
7th Edition
1119497388, 978-1119497387
