In shopping for a 5-year Guaranteed Invesment Contract (GIC) that provides the best return on invesment, you see that trust companies banks have provided several options. The invesment that would provide the best return to you is one that pays

A) 5.65% per year compounded monthly

B) 5.70% per year compounded quarterly

C) 5.75% per year compounded semianually

D) 5.65% per year compounded anually

1. In shopping for a 5-year Guaranteed Investment Contract (GIC) that provides the best return on investment, you see that trust companies and banks have provided several options. The investment that would provide the best return to you is one that pays a) 5.65% per year compounded monthly b) 5.70% per year compounded quarterly. c) 5.75% per year compounded semiannually. d) 5.65% per year compounded annually