Question
$3242 was invested in a 5-year compound-interest GIC. Its maturity value was $4323.68. What quarterly compounded nominal rate of interest did it earn? (2 decimal
$3242 was invested in a 5-year compound-interest GIC. Its maturity value was $4323.68. What quarterly compounded nominal rate of interest did it earn? (2 decimal places)
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Get StartedRecommended Textbook for
Algebra and Trigonometry
Authors: Ron Larson
10th edition
978-1337271172
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