OA3 Q8

Cody invested her savings into a Registered Retirement Savings Plan (RRSP) at an interest rate of 4.25% compounded semi-annually. After one year, her investment grew to $24,600; however, the interest rate on the RRSP changed to 4.50% compounded quarterly and remained constant for the next two years. a. Calculate the original amount she invested into the RRSP. $ $ $0.00 Round to the nearest cent b. Calculate the accumulated value of the investment at the end of three years (two years after the rate change). $ $0.00 Round to the nearest cent