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What nominal quarterly compounded interest rate is required to have $20,058.43 at maturity for a $15,500 GIC invested for 7 years? 4.17% 1.23% O

What nominal quarterly compounded interest rate is required to have $20,058.43 at maturity for a $15,500 GIC invested for 7 years? 4.17% 1.23% O 3.7% 1.04% 1.48%

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