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Sun Life Financial offers a five-year compound-interest GIC earning rates of 2.5%, 3%, 3.5%, 4.25%, and 5% in successive years. Manulife offers a similar GIC paying rates of 2.75%, 3.25%, 3.5%, 4%, and 4.25% in successive years. For a $10,000 investment, which GIC will have the greater maturity value after five years? How much greater?
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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Brilliant ツ
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