Question 1 Sun Ufe Financial Trust offers a 360-day short-term GiC at 0.65%. It also offers a 120-day short-term GIC at 0.58%. You are considering either the 360-day GIC or three consecutive 120-day GICS. For the 120-day Gics, the entire maturity value would be rolled over into the next GIC. Assume that the posted rate increases by 0.1% upon each renewal. If you have s115.000 to Invest, which option should you pursue and how much more interest will it earn