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Posted on May 23, 2024

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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