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Rebecca invested $ 1 , 5 0 0 at the beginning of every 6 months in an RRSP for 1 1 years. For the first
Rebecca invested $ at the beginning of every months in an RRSP for years. For the first years it earned interest at a rate of compounded semiannually and for the next years it earned interest at a rate of compounded semiannually.
a Calculate the accumulated value of his investment at the end of the first years.
$
$
$
$
b Calculate the accumulated value of her investment at the end of years.
$
$
$
$
c Calculate the amount of interest earned from the investment.
$
$
$
$
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