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Posted on Sep 05, 2024

You invested $ 1 0 0 , 0 0 0 in a 1 0 - year GIC paying 4 . 5 % per year compounding

You invested $

100, 000

in a

10 -

year GIC paying

4.5 %

per year compounding semi

-

annually.

How much extra interest did you earn than if you had invested in the same GIC and it

compounded annually?

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