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Home Q & A Board Science-Related Homework Help Mathematics
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adotey adotey
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6 months ago
A six-year, $20,000 GIC has a maturity value of $29,625. Calculate the semiannually compounded nominal interest rate.

▸ 6.77%

▸ 6.66%

▸ 4.23%

▸ 6.94%

▸ 5.44%
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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ndedrickndedrick
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6 months ago
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