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Posted on Aug 27, 2024

A bank is offering a simple interest rate of 1 . 8 5 % for a guaranteed investment certificate with a 4 - year term.

A bank is offering a simple interest rate of

1.85 %

for a guaranteed investment certificate with a

4 -

year term. What principal would you need to invest if you wanted to have $

15 000

at the end of the term?

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