Question
John Purchased a Guaranteed Investment Certificate (GIC) for $10,000 with a 5 year term and a 3% interest rate which compounded annually. What will the
John Purchased a Guaranteed Investment Certificate (GIC) for $10,000 with a 5 year term and a 3% interest rate which compounded annually. What will the total value of Johns GIC be when it matures in 5 Years?
The total value of Johns GIC in 5 years when it matures will be $10,980.56.
The total value of Johns GIC in 5 years when it matures will be $11,592.74.
The total value of Johns GIC in 5 years when it matures will be $12,384.90.
The total value of Johns GIC in 5 years when it matures will be $12,267.90.
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Mortgage Ripoffs And Money Savers
Authors: Carolyn Warren
1st Edition
0470097833, 978-0470097830
