1. Scott deposited $1,500 at the end of every month into an RRSP for 6 years. The interest rate earned was 4.50% compounded semi-annually for the first 5 years and changed to 4.75% compounded monthly for the next 1 years. What was the accumulated value of the RRSP at the end of 6 years? ( round to the nearest cent)

2. Calculate the amount of money Mark had to deposit in an investment fund growing at an interest rate of 4.00% compounded annually, to provide her daughter with $12,000 at the end of every year, for 4 years, throughout undergraduate studies. (round to the nearest cent)