22. Herb has made contributions of $2000 to his RRSP at the end of op every 6 months for the past 8yrs. The plan has earned 9.5% xit Compounded semiannually. He has just moved the funds to another - Plan that earns 8% compounded quarterly. He will now contribute $1500 at the end of every 3 months. What total amount will Herb have in the plan 7yrs. from now? t=8 ta 7 > 15, S2 t=7 ZODO 26 ISOO 1500 1500 1500 .. casi 1 84 96 9 12 6 12 lyr. 8ycs. J=9.5% m=2 J=8% Fyrs. m=4 S = $2ood T , 0.075)(2-3) = 12000 (tomos) = #46365.72 0.075 +1 it oog)(x-7), 80 b 10.74162) = 055576,82 = Disco = $150o 0.08 4 Not sure about S3 = 846365.736) + JA = 688 787.85 Total = 52 +53 = 1055 576.82+888 787.850144364.66