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Answer the questions and show which formula was used. a. Invest the same $3600 in 5 years GIC term twice (i.e. after one term of

image text in transcribed Answer the questions and show which formula was used. a. Invest the same $3600 in 5 years GIC term twice (i.e. after one term of 5 year, you take the value of your investment and then invested in another 5 years GICs), thereafter, you invest in 2 years GICs to complete your 12 years b. Invest the $3600 in one 10 years GIC term and then 2 years GICs. c. Describe any advantages or disadvantages of the relatively shortterm maturities versus the longer-term maturities

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