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The interest rate on a GIC is 4.25% compounded quarterly. What is the purchase price of the GIC if its maturity value in 5 years
The interest rate on a GIC is 4.25% compounded quarterly. What is the purchase price of the GIC if its maturity value in 5 years and 3 months is $38,523?
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Financial Accounting and Reporting
Authors: Barry Elliott, Jamie Elliott
14th Edition
978-0273744535, 273744445, 273744534, 978-0273744443
