On the same date that the Alberta Treasury Branches were advertising rates of 0.7%, 1%, 1.2%, 1.35%,

Question:

On the same date that the Alberta Treasury Branches were advertising rates of 0.7%, 1%, 1.2%, 1.35%, and 2% in successive gears of their five-year compound-interest Springboard GIC, they offered 1.6% compounded annually on their five-year fixed rate compound-interest CIO. What will be the maturity values of $10,000 invested in each GIC?

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