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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Financial Accounting: How much money will be deposited back into cedrics account
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