Question
Cedric invests $30,000 in a three-year escalator interest GIC earning interest of 6.00% the first year, 7.50% the second year, and 9.00% the third year,
Cedric invests $30,000 in a three-year escalator interest GIC earning interest of 6.00% the first year, 7.50% the second year, and 9.00% the third year, compounded quarterly. What is the maturity value of the GIC? For full marks your answer(s) should be rounded to the nearest cent.
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Maturity Value = $0.00
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Financial Management Principles And Applications
Authors: Arthur J. Keown, J. William Petty, John D. Martin, Jr. Scott, David F.
10th Edition
0131450654, 9780131450653
