You Invest $8000 in a Floating Rate Guaranteed Investment Certificate

question 172

Multiple Choice

You invest $8000 in a floating rate guaranteed investment certificate. For the first 24 months you earn 6% compounded semi-annually. For the next 6 months you earn 12% compounded monthly. What is the maturity value of the certificate?

• A) $9558.02
• B) $9888.00
• C) $9558.00
• D) $9585.00
• E) $8558.00

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Definitions:

Mutation

A permanent alteration in the DNA sequence that makes up a gene, varying from a single base pair to large sections of a chromosome.

Scale of Nature

A historical concept proposing a hierarchical order of living organisms from simplest to most complex, often associated with pre-Darwinian theories of evolution.

Aristotle

An ancient Greek philosopher and polymath, whose extensive writings cover diverse subjects including physics, biology, metaphysics, logic, ethics, and politics, significantly influencing Western intellectual history.

Organisms Changed

Refers to alterations in the genetic, physical, or behavioral traits of living organisms due to evolutionary processes, environmental pressures, or genetic modifications.