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Jaspreet invested $1,800 at the beginning of every 6 months in an RRSP for 11 years. For the first 8 years it earned interest at
Jaspreet invested $1,800 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 4.30% compounded semi-annually and for the next 3 years it earned interest at a rate of 5.10% compounded semi-annually. a. Calculate the accumulated value of his investment at the end of the first 8 years. $51,841.47 $52,135.04 $33,944.25 $34,674.06 b. Calculate the accumulated value of her investment at the end of 11 years. $51,841.47 $52,135.04 $46,479.99 $34,674.06 c. Calculate the amount of interest earned from the investment. $12,535.04 $12,241.47 $11,529.11 $1,005.93
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