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In a non-registered account, Ngan used some of her lottery winnings to buy a $10,000.00 5-year, 5.0% compounded annually GIC. What is the amount of

In a non-registered account, Ngan used some of her lottery winnings to buy a $10,000.00 5-year, 5.0% compounded annually GIC. 


What is the amount of interest income that she will have to report on the third anniversary of the GIC?  

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