1. In retirement, Bill determined that he could safely invest $50,000 into a nonredeemable five-year GIC with a posted rate of 5.35% compounded semi-annually. Calculate the maturity value and the amount of interest earned on the investment.
2. In 2012, a $10,000 Series P52 C-bond CPB was redeemed. Calculate the total interest earned on the bond.
3. In 1979, Shania earned $10 per hour at her place of employment. From 1979 to 1982, the average annual inflation in Canada was 11.36%. Determine what Shania's hourly wage needed to be in 1982 to keep up with inflation.
4. In September 2004, Google employed 2,688 workers. Over the next two years, the number of employees grew at an average of 86.7843% per year. How many employees did Google have in September 2006?