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- Option #1: Deposit $30000 into a high-interest savings account at 2.5% compounded annually for 8 years and invest the other $10000 into a Guaranteed
- Option \#1: Deposit $30000 into a high-interest savings account at 2.5% compounded annually for 8 years and invest the other $10000 into a Guaranteed Investment Certificate which earns 5% interest compounded quarterly for a term of 8 years. - Option \#2: Purchase a 4 year $40000 Canada Savings Bond (CSB) with a rate of 3.6\% interest compounded monthly and then reinvest the money into her Tax Free Savings Account (TFSA) which earns 1.2% interest compounded semi-annually for the remaining 4 years. Determine the overall future value of each portfolio option by completing a chart or showing your formula calculations
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