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What is the future value of the gic

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Reference no: EM132689057

Using the time value of money tables provided in the textbook or a financial calculator, calculate solutions for the following problem. Show your work or keying sequences, as demonstrated in the example below.

a. Kristen deposits $1,000 into a GIC paying 4% per annum. What is the future value of the GIC if it is left untouched for 5 years?

Reference no: EM132689057

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