Hugh has created the following portfolio: • He has a trust account that was set up when he was born, 42 years ago, with a single deposit of $3000. The trust earns an average annual interest rate of 4.3%, compounded quarterly. He has a $10 000 GIC, with a 10 year term, that he purchased 10 years ago and earned 3.95% compounded semi-annually.

If Hugh redeems everything and then invests all the money in a 5 year bond that earns 5.1%, compounded annually. How much will the bond be worth in 5 years?​