Liz invested $1,900 at the beginning of every 6 months in an RRSP for 11 years. For the first 4 years it earned interest at a rate of 4.90% compounded semi-annually and for the next 7 years it earned interest at a rate of 5.90% compounded semi-annually.

a.Calculate the accumulated value of her investment at the end of the first 4 years.

$57,856.83

$58,811.28

$16,569.26

$16,975.21

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

$57,856.83

$58,811.28

$50,283.91

$16,975.21

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

$17,011.28

$16,056.83

$10,302.58

$6,708.70