Guaranteed investment certificate, Accounting Basics

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Guaranteed investment certificate

Maria Chevas bought a GIC (guaranteed investment certificate) on June 1 for $3,000. The certificate reached maturity on December 1 (it was a six-month certificate). On December 1, she cashed in the certificate and received her original $3,000 back plus $37 in interest. Caculate ROI

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Accounting Basics: Guaranteed investment certificate

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Accounting Basics: Guaranteed investment certificate

Reference No:- TGS091452

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : How many deer can fallow-hawke capture during 2008

Q : How many pins should buy and have on hand for event

Q : Critical aspect of a company culture

Q : What percent are variable costs of sales

Q : Guaranteed investment certificate

Q : What happens to the break-even level

Q : How much sales are required to earn a target net income

Q : Measure the time takes while working at standard pace

Q : How much does sutton''s operating income increase

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Guaranteed investment certificate

Reference No:- TGS091452

Recent Questions Asked Accounting Basics

Q : How many deer can fallow-hawke capture during 2008

Q : How many pins should buy and have on hand for event

Q : Critical aspect of a company culture

Q : What percent are variable costs of sales

Q : Guaranteed investment certificate

Q : What happens to the break-even level

Q : How much sales are required to earn a target net income

Q : Measure the time takes while working at standard pace

Q : How much does sutton''s operating income increase

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