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The interest rate on a GIC is 4.05% compounded semi-annually. What is the purchase price of the GIC if it has a maturity value of

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The interest rate on a GIC is 4.05\% compounded semi-annually. What is the purchase price of the GIC if it has a maturity value of $37,293 in 4 years and 4 months? Round to the nearest cent

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