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Home Q & A Board Science-Related Homework Help Mathematics
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tbparker tbparker
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5 months ago
A trust company pays 5.375% compounded annually on its 5-year GICs. What semiannually compounded nominal interest rate would provide the same maturity value? Round to the nearest 0.01%.
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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cblack14cblack14
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More solutions for this book are available here
5.30% compounded semiannually
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tbparker Author
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5 months ago
Smart ... Thanks!
rhockeygirl
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Yesterday
Thanks for your help!!
Goku935
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2 hours ago
Thank you, thank you, thank you!
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