Please help with math
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Please help with math

[From: ] [author: ] [Date: 12-06-25] [Hit: ]
038/12)^12=806.806.708*(1+.0525/12)^12=$850.......
I don't get this question. Could someone please explain how to do it.

Celia bought a $750, three-year GIC. In the first year, the GIC pays 3.5% annual interest. In the second year, it pays 3.8% annual interest. In the third year, it pays 5.25% annual interest. All interest is compounded monthly. Calculate the value of Celia's GIC after three years.

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750*(1+.035/12)^12=776.675

776.675*(1+.038/12)^12=806.708

806.708*(1+.0525/12)^12=$850.095
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