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Christine places $5000 into a GIC account at the bank earning interest at a nominal rate of 2.5%, compounded monthly (a) If Christine lets her money grow by itself, how long will it take before she has at least $6500 in this account? Write your answer in terms of years and months. [b] What is the effective interest rate of this GIC? [C] If the bank manager tells Christine that there is another GIC that earns interest at the rate of 2.51% compounded yearly, would you advise Christine to switch over to this GIC? Explain your reason why