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A bank offers a four-year Escalating Rate GIC on which theinterest rate for year one is 3% compounded annually, 4% compoundedannually for year two, 5%
A bank offers a four-year "Escalating Rate GIC" on which theinterest rate for year one is 3% compounded annually, 4% compoundedannually for year two, 5% compounded annually for the third yearand 6% 1 answer
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