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Business, 01.12.2021 01:50 chloegirl9796

You have purchased a guaranteed investment contract (GIC) from an insurance firm that promises to pay you a 6% compound rate of return per year for 5 years. If you pay $15,000 for the GIC today and receive no interest along the way, you will get in 5 years (to the nearest dollar). (Round your answer to the nearest whole dollar). Multiple Choice $18,937 $19,500 $20,101 $20,073

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