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Edward invested $2,600 at the beginning of every six months in an RRSP for thirteen years. There was initially $23,000 in the RRSP account. What
Edward invested $2,600 at the beginning of every six months in an RRSP for thirteen years. There was initially $23,000 in the RRSP account. What will be the maturity value of the RRSP in 13 years if it earned 3.19% compounded semi-annually? How much interest will Edward earn?
Round your answer to two decimal places.
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