2

Bianca invested $1,800 at the beginning of every 6 months in an RRSP for 11 years. For the first 6 years it earned interest at a rate of 3.70% compounded semi-annually and for the next 5 years it earned interest at a rate of 5.40% compounded semi-annually. a. Calculate the accumulated value of his investment at the end of the first 6 years. $52,177.57$52,727.08$23,939.14$24,382.02 b. Calculate the accumulated value of her investment at the end of 11 years. $52,177.57$52,727.08$45,283.68 b. Calculate the accumulated value of her investment at the end of 11 years. $52,177.57$52,727.08$45,283.68$24,382.02 c. Calculate the amount of interest earned from the investment. $13,127.08 $12,577.57$10,225.42 $2,901.66