Top Posters
Since Sunday
c
6
r
4
c
3
m
3
h
3
1
3
n
3
s
3
d
3
c
3
a
3
r
3
Home Q & A Board Science-Related Homework Help Mathematics
New Topic  
dex0388 dex0388
wrote...
Go to Answer
Posts: 144
Rep: 0 0
A year ago
On a $10,000 principal investment, a bank offered interest rate of 3.45% on 270- to 364-day GIC's and 3.15% on 180- to 269-day GICs. How much more will an investor earn from a 364-day GIC than from two consecutive 182-day GICs? (Assume that the interest rate on 180- to 269-day GICs will be the same on the renewal date as it is today. Remember that both the principal and the interest from the first 182-day GIC can be invested in the second 182-day GIC.)
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
Read 52 times
1 Reply
Replies
Answer verified by a subject expert
BronosBronos
wrote...
#1
Posts: 148
Rep: 1 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

dex0388 Author
wrote...

A year ago
Good timing, thanks!
Gorgio_De
wrote...

Yesterday
This helped my grade so much Perfect
kaytee23
wrote...

2 hours ago
Smart ... Thanks!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1302 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 346
  
 1188
  
 1970
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 484
Previous poll results: Should Ph.D.'s be addressed as doctors?