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



Title: Transville Credit Union is offering interest rates on three-year GICs. The effective rate of all of ...
Post by: rosenrot on Jun 4, 2023
Transville Credit Union is offering interest rates on three-year GICs. The effective rate of all of the accounts is 2.5%. What is the monthly, quarterly and semi-annually compounded rates that are quoted?

▸ 2.49% compounded monthly
2.48% compounded quarterly
2.48% compounded semiannual

▸ 2.47% compounded monthly
2.49% compounded quarterly
2.49% compounded semiannual

▸ 2.47% compounded monthly
2.48% compounded quarterly
2.48% compounded semiannual

▸ 2.45% compounded monthly
2.46% compounded quarterly
2.48% compounded semiannual

▸ 2.44% compounded monthly
2.48% compounded quarterly
2.50% compounded semiannual


Title: Re: Transville Credit Union is offering interest rates on three-year GICs. The effective rate of all of ...
Post by: studyinnurse on Jun 4, 2023
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