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Calculate the missing pieces of the puzzle (as indicated by ?) for the following compound interest GICs. Cells with N/A are not required. Principal: $25,000
Calculate the missing pieces of the puzzle (as indicated by ?) for the following compound interest GICs. Cells with N/A are not required.
Principal: $25,000
Nominal Interest Rate and Term:2.9% for first year; 3.9% for second year
Compounding Frequency: quarterly
Maturity: ?
Interest Amount Earned: ?
Equivalent Fixed Interest Rate: ?%quarterly
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