$8000 is invested in a five-year compound-interest GIC earning interest rates of 4%, 4.5%, 5%, 5.5%, and 6% in successive years. What amount will the investor receive at maturity?

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The Answer of $8000 is invested in a five-year compound-interest GIC earning interest rates of 4%, 4.5%, 5%, 5.5%, and 6% in successive years. What amount will the investor receive at maturity?

$8000 Is Invested in a Five-Year Compound-Interest GIC Earning Interest