Elementary Geometry For College Students, 7e
7th Edition
ISBN:9781337614085
Author:Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:Alexander, Daniel C.; Koeberlein, Geralyn M.
Chapter8: Areas Of Polygons And Circles
Section8.4: Cicumference And Area Of A Cicle
Problem 46E: A tabletop is semicircular when its three congruent drop-leaves are used. By how much has the tables...
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Chauncey has $1,000 to invest in a two-year GIC earning 3.75% interest paid quarterly. He has a choice between an interest payout GIC or a compound interest GIC
For full marks your answer(s) should be rounded to the nearest cent.
a) What is the total amount of interest paid if he chooses a payout GIC?
Interest = $
%3D
b) What is the total amount of interest paid if he chooses a compound interest GIC?
Interest
2$
Transcribed Image Text:Chauncey has $1,000 to invest in a two-year GIC earning 3.75% interest paid quarterly. He has a choice between an interest payout GIC or a compound interest GIC For full marks your answer(s) should be rounded to the nearest cent. a) What is the total amount of interest paid if he chooses a payout GIC? Interest = $ %3D b) What is the total amount of interest paid if he chooses a compound interest GIC? Interest 2$
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