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Question 3 of 6 Laura deposited $1,400 at the end of every month into an RRSP for 7 years. The interest rate earned was 3.25%
Question 3 of 6 Laura deposited $1,400 at the end of every month into an RRSP for 7 years. The interest rate earned was 3.25% compounded semi-annually for the first 2 years and changed to 3.50% compounded monthly for the next 5 years. What was the accumulated value of the RRSP at the end of 7 years? $0.00 Round to the nearest cent Question 5 of 6 A loan, amortized over 15 years, is repaid by making payments of $1,100 at the end of every month. If the interest rate is 3.28% compounded quarterly, what was the loan principal? $0.00 Round to the nearest cent
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