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Sally invested $1,750 into an RRSP that earned interest at 5% compounded semiannually for eight years. a. Determine the balance of the account at the

Sally invested $1,750 into an RRSP that earned interest at 5% compounded semiannually for eight years. a. Determine the balance of the account at the end of the period? How much interest is earned? C. What is the effective rate? .

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