At the same time as compound-interest Canada Savings Bonds were being sold with guaranteed minimum annual rates of 5.25%, 6%, and 6.75% in the first 3 years of their 12-year term, a trust company offered 3-year "Bond-Beater" GICs paying 5.75%, 6.5%, and 7.25% compounded annually in the 3 successive years. If the CSBs earn their minimum interest rates, how much more will $4,000 earn over the 3 years if invested in the GIC?

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The Answer of At the same time as compound-interest Canada Savings Bonds were being sold with guaranteed minimum annual rates of 5.25%, 6%, and 6.75% in the first 3 years of their 12-year term, a trust company offered 3-year "Bond-Beater" GICs paying 5.75%, 6.5%, and 7.25% compounded annually in the 3 successive years. If the CSBs earn their minimum interest rates, how much more will $4,000 earn over the 3 years if invested in the GIC?

At the Same Time as Compound-Interest Canada Savings Bonds Were