Karen holds 2 $875 GIC earning 7.3 percent for three years. The interest on GIC A is compounded quarterly The interest on GIC B is compounded monthly. Determine the total interest earned by each GIC at maturity . Which GIC earns more interest and why Show work

Answer rating: 100% (QA)

To determine the total interest earned by each GIC at maturity you can use the compound interest ... View the full answer