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age 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:

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age 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. 3.21% O b. 3.51% OC. 3.71% O d. 3.61% O e. 4.21% Next page

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