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After 10 years of semi-annual compounding, an $8000 investment in a GIC earns $3000 in interest. What is the nominal interest rate? Select one: O

After 10 years of semi-annual compounding, an $8000 investment in a GIC earns $3000 in interest. What is the nominal interest rate? Select one: O a 3.71% Ob.3.61% O c.4.21 Od 3.51% O e. 3.2196

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