Mathematics, 30.10.2020 02:50 samanthasheets8006
Tony plans to send his parents on a $10 000 vacation for their 40th wedding anniversary 8 years from now. He would like to invest money today in a GIC term deposit earning 7.25%/a compounded semi-annually and split the cost of its purchase with his two brothers. How much will each person contribute toward the purchase of the GIC?
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