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Kenneth deposited $1,000 at the end of every month into an RRSP for 8 years. The interest rate earned was 5.50% compounded semi-annually for the
Kenneth deposited $1,000 at the end of every month into an RRSP for 8 years. The interest rate earned was 5.50% compounded semi-annually for the first 3 years and changed to 5.75% compounded monthly for the next 5 years. What was the accumulated value of the RRSP at the end of 8 years? $108,330.83 X Round to the nearest cent
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