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Lionel deposited $700 at the end of every month into an RRSP for 8 years. The interest rate earned was 4.50% compounded semi-annually for the

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Lionel deposited $700 at the end of every month into an RRSP for 8 years. The interest rate earned was 4.50% compounded semi-annually for the first 3 years and changed to 4.75% compounded monthly for the next 5 years. What was the accumulated value of the RRSP at the end of 8 years? $52.675 073 Round to the nearest cent 3. How much money will you need to have in an account today if you wish to withdrawal $1,000 at the end of each quarter for the first 5 years and then $1,500 at the end of each quarter for another ten years. Assume that you can earn interest at 7% compounded quarterly throughout

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