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Adrian invested $1,700 at the beginning of every 6 months in an RRSP for 11 years. For the first 4 years it earned interest at
Adrian invested $1,700 at the beginning of every 6 months in an RRSP for 11 years. For the first 4 years it earned interest at a rate of 4.90% compounded semi-annually and for the next 7 years it earned interest at a rate of 5.20% compounded semi-annually.
a. Calculate the accumulated value of his investment at the end of the first 4 years.
b. Calculate the accumulated value of her investment at the end of 11 years.
c. Calculate the amount of interest earned from the investment.
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