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Review Problem 9 # 9 a algo ( LO 2 ) A credit union's Rate - Climber GIC pays rates of 3 . 1 %

Review Problem 9 #9a algo (LO2)
A credit union's Rate-Climber GIC pays rates of 3.1%,3.6%, and 4.1% compounded semiannually in successive years of a three-year term. What will be the maturity value of $23,000 invested in this GIC? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
Maturity value
$
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