If you place $25,500 into an 80-day short-term GIC at TD Canada Trust earning 0.55% simple interest, how much will you receive when the investment matures?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 22P
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If you place $25,500 into an 80-day short-term GIC at TD Canada Trust earning 0.55% simple interest, how much will you receive when the investment matures?
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