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Home Q & A Board Science-Related Homework Help Mathematics
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aeropa84 aeropa84
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4 months ago
Marvin has a five-year GIC which has a maturity value of $88,206.38. The GIC is accumulating interest at 6.2% compounded semiannually. What is the principal amount of the GIC?

▸ $30,000

▸ $65,000

▸ $47,500

▸ $48,335

▸ $70,000
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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jennaforierojennaforiero
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4 months ago
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$65,000
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aeropa84 Author
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4 months ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
bahajo
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Yesterday
Thanks
Jadakiss
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2 hours ago
This site is awesome
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