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of Mathematics of Finance (Week 11 5%) Instructions Choose a reputable financial institution or bank (such as RBC, CIBC, etc.) and visit their official website.
of Mathematics of Finance (Week 11 5%) Instructions Choose a reputable financial institution or bank (such as RBC, CIBC, etc.) and visit their official website. Explore the available investment products, focusing on savings accounts, certificates of deposit (CDs), Guaranteed Investment Certificates (GICs), or any other interest-bearing investment options. Select a specific investment product that offers compound interest. Pay attention to details such as interest rates, compounding frequency, and any additional terms or conditions. See Example and below screenshot: https://www.rbcroyalbank.com/investments/interest-linked-gics.html Assume you have $1,000 as an initial investment (down payment). Calculate the future value of the $1,000 initial investment after a specified time period (e.g., 1 year, 5 years, and 10 years). Report: a conclusion summarizing the key findings of your analysis with a screenshot of the product you selected. (Word Limit: 200)
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