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Lan invested $18,000 in a four-year regular interest GIC earning 4.2% compounded semiannually. What is the interest payment for the first compounding period? Express the

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Lan invested $18,000 in a four-year regular interest GIC earning 4.2% compounded semiannually. What is the interest payment for the first compounding period? Express the answer to two decimal places. For example, $1800.00 A/

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