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2.Your local bank is offering a one year GIC that pays 4% compounded monthly. What would be the minimum nominal rate you would accept for
2.Your local bank is offering a one year GIC that pays 4% compounded monthly. What would be the minimum nominal rate you would accept for a GIC of the same maturity that is compounded semi-annually?
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Management And Cost Accounting
Authors: Colin Drury
6th Edition
1844807037, 978-1844807031
