Nancy invested $9 000 in a five-year GIC (guaranteed investment certificate) at 3.06% compounded monthly. After the first 2 years, the interest rate increased to 3.57% compounded quarterly. How much is her investment worth at the end of the 5-year period?

a. $9206.59 

b. $10647.10 

c. $10642.09 

d. $10643.74

Answer rating: 100% (QA)

The detailed answer for the above question is provided below The correct answer is d 1064374 Heres h... View the full answer