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$ 2 2 , 0 0 0 is invested in a five - year compound interest GIC earning interest rates of 2 % , 2

$22,000 is invested in a five-year compound interest GIC earning interest rates of 2%,2.1%,2.25%,2.5%, and 2.75% in successive years. What amount will the investor receive at maturity?
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$23,672.75
$24,627.75
$24,692.75
$25,672.75
$24,672.75

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