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The maturity value of a $5000 four-year compound-interest GIC was $6147.82. What quarterly compounded rate of interest did it earn? (Do not round your intermediate
The maturity value of a $5000 four-year compound-interest GIC was $6147.82. What quarterly compounded rate of interest did it earn? (Do not round your intermediate calculations and round your answer to 2 decimal places.) The GIC earned % compounded quarterly.
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