Question 1174107
.
Calculate how much interest you would earn if you invested $15000 in a GIC that paid 3.1%
compounded monthly for 5 years.
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<pre>
    Interest = {{{15000*(1+0.031/12)^(5*12) - 15000}}} = 2511.37 dollars.      <U>ANSWER</U>
</pre>

Solved.