Edward invested $2,000 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 4.40% compounded semi-annually and for the next 7 years it earned interest at a rate of 5.70% compounded semi-annually.

a. Calculate the accumulated value of his investment at the end of the first 4 years.

a)$60,012.20

b)$60,976.28

c)$17,287.73

d)$17,668.06

b. Calculate the accumulated value of her investment at the end of 11 years.

a)$60,012.20

b)$60,976.28

c)$52,459.56

D)$17,668.06

c. Calculate the amount of interest earned from the investment.

a)$16,976.28

b)$16,012.20

c)$10,184.78

d)$6,791.50