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You invest $6780 in a floating rate guaranteed investment certificate. For the first 30 months you earn 5.9% compounded semi-annually. For the next 8 months

You invest $6780 in a floating rate guaranteed investment certificate. For the first 30 months you earn 5.9% compounded semi-annually. For the next 8 months you earn 4.32% compounded monthly. What is the approximate maturity value of the certificate?

A.

7632
B.

8068
C.

8070
D.

7875

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