For each of the following independent cases,compute the missing values:
Definitions:
GIC
An investment known as a Guaranteed Investment Certificate, which offers a risk-free fixed rate of return over a predetermined period.
Maturity Value
The total amount due or payable at the end of a loan or investment period, including the principal and any accrued interest.
Daily Interest
Interest calculation method where interest is calculated daily on the principal amount, either leading to faster growth in savings accounts or quicker payoff in loans.
Simple Interest
A method of calculating interest where the interest charge is computed only on the principal amount and not on the interest that has accumulated.
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