1a

1b

What is the accumulated value of periodic deposits of $5,000 made into an investment fund at the beginning of every quarter, for 6 years, if the interest rate is 2.50% compounded quarterly? Round to the nearest cent Ashley invested $1,900 at the beginning of every 6 months in an RRSP for 11 years. For the first 8 years it earned interest at a rate of 3.20% compounded semi-annually and for the next 3 years it earned interest at a rate of 6.20% compounded semi-annually. a. Calculate the accumulated value of his investment at the end of the first 8 years. 0 $54,218.00 0 $54,599.94 $34,335.11 $34,884.47 b. Calculate the accumulated value of her investment at the end of 11 years. 0 $54,218.00 0 $54,599.94 $47,587.29 O $34,884.47 c. Calculate the amount of interest earned from the investment. $12,799.94 $12,418.00 O $11,497.12 0 $1,302.82