Jordan invested $1,600 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 4.80% compounded semi-annually and for the next 3 years it earned interest at a rate of 5.50% compounded semi-annually.

a. Calculate the accumulated value of his investment at the end of the first 8 years.

$47,359.00

$47,641.83

$30,766.78

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

$47,359.00

$47,641.83

$42,072.71

$31,505.18

$31,505.18

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

$12,441.83

$12,159.00

$11,474.30

$967.53