Question
Samuel invested $1,700 at the beginning of every 6 months in an RRSP for 11 years. For the first 6 years it earned interest at
Samuel invested $1,700 at the beginning of every 6 months in an RRSP for 11 years. For the first 6 years it earned interest at a rate of 4.30% compounded semi-annually and for the next 5 years it earned interest at a rate of 5.70% compounded semi-annually.
a. Calculate the accumulated value of her investment after the first 6 years. $0.00 Round to the nearest cent
b. Calculate the accumulated value of her investment at the end of 11 years. $0.00 Round to the nearest cent
c. Calculate the amount of interest earned from the investment. $0.00 Round to the nearest cent
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