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Caitlin is looking to purchase a Guaranteed Investment Certificate (GIC). Determine the value of Caitlin's current investment of $25,000 at the end of 4 years

Caitlin is looking to purchase a Guaranteed Investment Certificate (GIC). Determine the value of Caitlin's current investment of $25,000 at the end of 4 years in a GIC that pays an annual interest rate of 7%, compounded monthly.

Points: 1

$35,761
$31,096
$32,756
$34,943
$33,051

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