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2. A $600 Guaranteed Investment Certificate (GIC) earns 10.7% compounded daily for 3 years. Determine the amount of the investment. 2b. A $2400 bond earns

2. A $600 Guaranteed Investment Certificate (GIC) earns 10.7% compounded daily for 3 years. Determine the

amount of the investment.

2b. A $2400 bond earns 8.2% compounded monthly for 8 years. Determine the amount of the investment.

2c. A $600 bond earns 6.6% compounded semi-annually for 9 years. Determine the interest earned on the

investment.

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