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Science-Related Homework Help Mathematics Topic started by: trixr4kids on Jun 4, 2023



Title: A bank pays a simple interest rate of 4.1% on 30 to 179-day GICs of at least $100,000. What is the ...
Post by: trixr4kids on Jun 4, 2023
A bank pays a simple interest rate of 4.1% on 30 to 179-day GICs of at least $100,000. What is the effective annualized rate of return:


a) On a 40-day GIC?
b) On a 160-day GIC?

Calculate percentages accurate to the nearest 0.01%.


Title: Re: A bank pays a simple interest rate of 4.1% on 30 to 179-day GICs of at least $100,000. What is the ...
Post by: itnow96 on Jun 4, 2023
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