For a five-year GIC investment, what monthly compounded nominal rate would put you in the same financial position as 8% compounded semiannually?
A) 8.02%
B) 8.16%
C) 7.84%
D) 8.21%
E) 7.87%

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The Answer of For a five-year GIC investment, what monthly compounded nominal rate would put you in the same financial position as 8% compounded semiannually?
A) 8.02%
B) 8.16%
C) 7.84%
D) 8.21%
E) 7.87%

For a Five-Year GIC Investment, What Monthly Compounded Nominal Rate