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Question 5 of 16 Lionel deposited $700 at the end of every month into an RRSP for 8 years. The interest rate earned was 4.50%

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Question 5 of 16 Lionel deposited $700 at the end of every month into an RRSP for 8 years. The interest rate earned was 4.50% compounded semi-annually for the first 3 years and changed to 4.75% compounded monthly for the next 5 years. What was the accumulated value of the RRSP at the end of 8 years? 552,675.07 Round to the nearest cent

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