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Jordan invested $2,100 at the beginning of every 6 months in an RRSP for 11 years. For the first 5 years it earned interest at
Jordan invested $2,100 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 3.60% compounded semi-annually and for the next 6 years it earned interest at a rate of 5.70% compounded semi-annually. a. Calculate the accumulated value of her investment at the end of the first 5 years.
$62,048.33
$62,890.52
$22,785.28
$23,195.41
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