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Home Q & A Board Science-Related Homework Help Mathematics
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swimchk13 swimchk13
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10 months ago
Wells Fargo Bank pays 4.25% compounded annually on two-year compound interest term deposits. It wants to set the rates on its semiannually and monthly compounded GICs of the same maturity so that investors will earn the same total interest. What should the rates be on the GICs with the higher compounding frequencies?
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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lpantslpants
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10 months ago
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swimchk13 Author
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10 months ago
You make an excellent tutor!
homework1
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Yesterday
this is exactly what I needed
foxrcng11
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2 hours ago
Smart ... Thanks!
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