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Evaluate the sum. Round to two decimal places, if necessary.
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Portfolio
A collection of investments held by an individual or institution, including stocks, bonds, real estate, and other assets.
Successive Years
Consecutive years following one after the other without interruption.
Compound-Interest GIC
A Compound-Interest Guaranteed Investment Certificate (GIC) is a financial product that pays interest on your initial investment, with the interest being compounded at specified intervals, leading to increased returns over time.
Compounded Semiannually
The calculation of interest where it is added to the principal twice a year, resulting in the interest earning interest semiannually.
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