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A credit unions Rate-Climber GIC pays rates of 3.0%, 3.5%, and 4.0% compounded semiannually in successive years of a three-year term. What will be the
A credit unions Rate-Climber GIC pays rates of 3.0%, 3.5%, and 4.0% compounded semiannually in successive years of a three-year term. What will be the maturity value of $22,000 invested in this GIC? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Maturity value
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