Judy invested $8,500 in a three-year compound-interest GIC earning 6% compounded monthly. What is the GIC's maturity value?
A) $7,102.98
B) $10,102.98
C) $10,123.64
D) $9,897.02
E) $10,171.78

Question

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The Answer of Judy invested $8,500 in a three-year compound-interest GIC earning 6% compounded monthly. What is the GIC's maturity value?
A) $7,102.98
B) $10,102.98
C) $10,123.64
D) $9,897.02
E) $10,171.78

Judy Invested $8,500 in a Three-Year Compound-Interest GIC Earning 6