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Home Q & A Board Science-Related Homework Help Mathematics
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edelynpl edelynpl
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5 months ago
A bank offers a rate of 2.0% compounded semiannually on its four-year GICs. What monthly compounded rate should the bank offer on four-year GICs to make investors indifferent between the alternatives? Round to the nearest 0.01%.
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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itnow96itnow96
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5 months ago
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1.99% compounded monthly
1

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edelynpl Author
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5 months ago
You make an excellent tutor!
macbookpro1
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Yesterday
Brilliant ツ
gma_of_7
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2 hours ago
Thank you, thank you, thank you!
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