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Jeffrey invested $1,700 at the beginning of every 6 months in an RRSP for 11 years. For the first 5 years it earned interest at
Jeffrey invested $1,700 at the beginning of every 6 months in an RRSP for 11 years. For the first 5 years it earned interest at a rate of 3.50% compounded semi-annually and for the next 6 years it earned interest at a rate of 5.30% compounded semi-annually. a. Calculate the accumulated value of his investment at the end of the first 5 years. O $49,281.46 O $49,908.24 O $18,403.18 O $18,725.23 b. Calculate the accumulated value of her investment at the end of 11 years. O $49,281.46 O $49,908.24 O $43,004.30 O $18,725.23
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