How much money will be deposited back into cedrics account
Problem
Cedric purchased a $11,000, 210-day GIC which will earn 4.75% interest annually. When the GIC matures, how much money will be deposited back into Cedric's account? For full marks your answer(s) should be rounded to the nearest cent.
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When the GIC matures, how much money will be deposited back into Cedric's account? For full marks your answer(s) should be rounded to the nearest cent.
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