Key Concepts Summary

10.1: Application: Long-Term GICs

• The characteristics and calculations involved with an interest payout GIC
• The characteristics and calculations involved with compound interest GICs
• The characteristics and calculations involved with escalator GICs

10.2: Application: Long-Term Promissory Notes 

• The sale of interest-bearing promissory notes
• The sale of noninterest-bearing promissory notes

10.3: Application: Savings Bonds 

• Key characteristics of savings bonds
• The interest rates for savings bonds
• Calculating interest amounts and maturity values for savings bonds