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Home Q & A Board Science-Related Homework Help Mathematics
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BigFella9503 BigFella9503
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10 months ago
A $50,000 GIC will earn $70,000 of interest over its 10-year term. What is the monthly compounded nominal rate of interest?

▸ 7.32%

▸ 9.15%

▸ 3.37%

▸ 8.79%

▸ 3.42%
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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duankong-feiduankong-fei
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Anonymous
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6 months ago
Help! The answer is missing an explanation...
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#3
6 months ago
DonE!
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