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Akida has invested $8,000 in a 18-month GIC that pays 4.18%, compounded annually. How much interest will Akida receive at maturity? At maturity, the amount

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Akida has invested $8,000 in a 18-month GIC that pays 4.18%, compounded annually. How much interest will Akida receive at maturity? At maturity, the amount Akida will receive in interest is $ (Round to the nearest cent.)

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