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Danielle invested $1,800 at the beginning of every 6 months in an RRSP for 11 years. For the first 9 years it earned interest at
Danielle invested $1,800 at the beginning of every 6 months in an RRSP for 11 years. For the first 9 years it earned interest at a rate of 3.10% compounded semi-annually and for the next 2 years it earned interest at a rate of 6.80% compounded semi-annually.
a. Calculate the accumulated value of his investment at the end of the first 9 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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