A few years ago Avtar invested $6000 in a compound-interest GIC that earned 4.5% compounded semiannually. He

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A few years ago Avtar invested $6000 in a compound-interest GIC that earned 4.5% compounded semiannually. He recently received the maturity value of $7168.99. What was the term of the GIC?
Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...
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