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Brandon invested $2,100 at the beginning of every 6 months in an RRSP for 11 years. For the first 8 years it earned interest at
Brandon invested $2,100 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 5.80% compounded semi- annually. a. Calculate the accumulated value of her investment at the end of the first 8 years. O $59,320.57 O $59,713.51 O $37,949.33 O $38,556.52 Question 2 of 6 b. Calculate the accumulated value of her investment at the end of 11 years. O $59,320.57 O $59,713.51 O $52,499.06 O $38,556.52 c. Calculate the amount of interest earned from the investment. O $13,513.51 O $13,120.57 $12,170.97
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