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Both Fatima and Raminder purchased a $26 000 GIC. Fatima's GIC has a term of 13 years and a simple interest rate of 1.7%.

Both Fatima and Raminder purchased a $26 000 GIC. Fatima's GIC has a term of 13 years and a simple interest rate of 1.7%. Raminder's GIC has a term of 12 years at a simple interest rate of 2%. Whose GIC will have the greater future value at maturity? Explain. Show your work. .

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