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11) Lior converted $9850 USD to CAD at an exchange rate of 1.25. Then, he put the total amount in an investment at 4% compounded

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11) Lior converted $9850 USD to CAD at an exchange rate of 1.25. Then, he put the total amount in an investment at 4% compounded semi-annually for a period of 300 days. How much will he have in total by the end of the term? (Compound Interest, 2 marks)

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