Krista Invested $18,000 in a 3-Year Regular-Interest GIC Earning 4

question 208

Short Answer

Krista invested $18,000 in a 3-year regular-interest GIC earning 4.2% compounded semi-annually. What is the semi-annual interest payment?

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Definitions:

Union Election

A process by which members of a labor union vote to elect representatives or decide on other union-related matters.

Federal Labor Law

Legislation that regulates the rights and duties between employers and workers at the national level.

Majority Vote

A voting requirement that more than half of the votes cast by members entitled to vote are necessary to make a decision or pass a proposal.

Floral Workers Union

A labor union representing the interests and rights of workers within the floristry industry.