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Sarah can invest $4250 in one of two options: GIC 1 ...

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Accounting

Sarah can invest $4250 in one of two options:
GIC 1
GIC 2
A 5-year compound-interest GIC
earning 4.91% compounded
A 5-year simple interest GIC
monthly earning 5.16%
What is the Maturity Value of each GIC?(Round to 2 Decimals)
GIC 1
GIC 2
$
$
image

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