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A 7-month, $75,400 Guaranteed Investment Certificate pays simple interest of 6.85%. Calculate the maturity value to the nearest dollar. A. $72,912 B. $76,201 C. $76,309
A 7-month, $75,400 Guaranteed Investment Certificate pays simple interest of 6.85%. Calculate the maturity value to the nearest dollar.
A. $72,912
B. $76,201
C. $76,309
D. $86,112
E. $78,413
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Essentials of Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
10th edition
77835425, 978-0077835422
