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rosenrot rosenrot
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5 months ago
Transville Credit Union is offering interest rates on three-year GICs. The effective rate of all of the accounts is 2.5%. What is the monthly, quarterly and semi-annually compounded rates that are quoted?

▸ 2.49% compounded monthly
2.48% compounded quarterly
2.48% compounded semiannual

▸ 2.47% compounded monthly
2.49% compounded quarterly
2.49% compounded semiannual

▸ 2.47% compounded monthly
2.48% compounded quarterly
2.48% compounded semiannual

▸ 2.45% compounded monthly
2.46% compounded quarterly
2.48% compounded semiannual

▸ 2.44% compounded monthly
2.48% compounded quarterly
2.50% compounded semiannual
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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studyinnursestudyinnurse
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5 months ago
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2.47% compounded monthly
2.48% compounded quarterly
2.48% compounded semiannual
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