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Western Financial offers a three - year compound interest GIC earning rates of 0 . 5 % , 0 . 7 5 % and 1

Western Financial offers a three-year compound interest GIC earning rates of 0.5%,0.75% and 1% in successive years. CIBC offers a similar GIC paying rates of 0.75%,0.75% and.90% in successive years. For a $1,000 investment, which GIC will have the greater maturity value after five years? How much greater?O Western will offer an extra $1.98O CIBC will offer an extra $3.53O Western will offer an extra $1.53O CIBC will offer an extra $1.53O CIBC will offer an extra $2.45

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