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Kelly deposits $1000 in a three year GIC with four percent interest compounded annually. How much interest would she earn by maturity? A. $124.86 B.

Kelly deposits $1000 in a three year GIC with four percent interest compounded annually. How much interest would she earn by maturity?

A.

$124.86

B.

$120.00

C.

$ 40.00

D.

$1124.86

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