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Olivia invested $1,900 at the beginning of every 6 months in an RRSP for 11 years. For the first 5 years it earned interest at
Olivia invested $1,900 at the beginning of every 6 months in an RRSP for 11 years. For the first 5 years it earned interest at a rate of 4.30% compounded semi-annually and for the next 6 years it earned interest at a rate of 5.70% compounded semi-annually.
Calculate the accumulated value of her investment after the first 5 years.
Calculate the accumulated value of her investment at the end of 11 years.
Calculate the amount of interest earned from the investment.
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