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5) Panasonic Incorporated invested $270,000 into a GIC that pays 4 % p.a. on August 19, 2015, to February 8, 2016. Determine: a. the number

5) Panasonic Incorporated invested $270,000 into a GIC that pays 4 % p.a. on August 19, 2015, to February 8, 2016.

Determine:

a. the number of days between Aug 19,2015 and Feb 8, 2016

b. the interest (in dollars) the GIC will earn?

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