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Review Problem 9 #9a algo (LO2)
A credit union's Rate-Climber GIC pays rates of 3.6%, 4.1%, and 4.6% compounded semiannually in successive years of a three-year
term. What will be the maturity value of [tex]$28,000 invested in this GIC? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Maturity value $[/tex]
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Sagot :

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