Acct question

Question 1 2 Points John Purchased a Guaranteed Investment Certificate (GIC) for $10,000 with a 5 year term and a 3% interest rate which compounded annually. What will the total value of John's GIC be when it matures in 5 Years? A The total value of John's GIC in 5 years when it matures will be $10,980.56. B The total value of John's GIC in 5 years when it matures will be $11,592.74. The total value of John's GIC in 5 years when it matures will be $12,384.90. D The total value of John's GIC in 5 years when it matures will be $12,267.90