Question
Radu purchased a $1,500 compound-interest GIC when the rate was 5.25% per annum, how much will it be worth in 4 years if the
Radu purchased a $1,500 compound-interest GIC when the rate was 5.25% per annum, how much will it be worth in 4 years if the GIC compounds monthly? For full marks your answer(s) should be rounded to the nearest cent. Future value = $0.00
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