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Author Question: Your chartered bank is offering a one-year GIC with an interest rate of two percent, and a one-year ... (Read 26 times)

Mr.Thesaxman

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on: Nov 11, 2019
Your chartered bank is offering a one-year GIC with an interest rate of two percent, and a one-year cashable GIC at one and a half percent. Canada Savings Bonds (CSB) are paying one percent. You have $10 000 to invest of which you feel $5000 is ample for emergency fund purposes. How should you invest your funds given the scenario above?
◦ $10,000 in the one-year GIC
◦ $5 000 in the one-year GIC and $5 000 in CSBs
◦ $10,000 in the one-year cashable GIC
◦ $5 000 in the one-year GIC and $5 000 in the one-year cashable GIC
Personal Finance ¦ Madura, Gill ¦ 3rd Edition
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Marked as best answer by Mr.Thesaxman on Nov 11, 2019

HandsomeMarc

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Reply #1 on: Nov 11, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Mr.Thesaxman

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Reply 2 on: Nov 11, 2019
Thanks for the timely response, appreciate it

momolu

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Reply 3 on: Yesterday
Wow, this really help

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