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April invested $1,400 at the beginning of every 6 months in an RRSP for 9 years and 6 months at 3.45% compounded monthly. Round all
April invested $1,400 at the beginning of every 6 months in an RRSP for 9 years and 6 months at 3.45% compounded monthly. Round all answers to two decimal places where necessary. a. What is the accumulated value of the RRSP after 9 years and 6 months? Choose BGNBGN or ENDEND ? END BGN N = I/Y = P/Y = C/Y = PV = $ PMT = $ FV = $ Accumulated Value = $ (enter a positive value) b. How much interest was earned over the period of 9 years and 6 months? Interest earned = $ (enter a positive value)
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