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Mr. and Mrs. Biden have each contributed $1825.00 at the end of every six months for the last ten years into RRSP accounts earning 6.93%

Mr. and Mrs. Biden have each contributed $1825.00 at the end of every six months for the last ten years into RRSP accounts earning 6.93% p.a. compounded semiannually. Suppose they leave their accumulated contributions for another five years in the RRSP at the same rate of interest. How much will be the total interest earned?

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