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Calculate how much interest you would earn if you invested $15000 in a GIC that paid 3.1% compounded monthly for 5 years.
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Calculate how much interest you would earn if you invested $15000 in a GIC that paid 3.1% compounded monthly for 5 years.

User Educoutinho
by
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1 Answer

5 votes

Answer:

27900

Explanation:

15000 × (3.1/100) × 12 ×5 = 27900

User Groveriffic
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5.5k points
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