SOLUTION: Anna also wants to travel after graduation but she isn’t working while in school so she won’t be able to put money aside regularly. However, her grandmother gave her the gener

Question 1151433: Anna also wants to travel after graduation but she isn’t working while in school so she won’t be able to put money aside regularly. However, her grandmother gave her the generous gift of $2500 for her birthday and suggested she invest it in a GIC because it’s low risk. She shopped around and found a 4 year GIC investment that earns 2.4% interest annually.
How much will Anna have at the end of her four year investment?
How much interest will be earned?
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
Not enough info.
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Is it compound interest?
If so, what is the compounding period?
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