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Shane deposited $1,300 at the end of every month into an RRSP for 9 years. The interest rate earned was 3.25% compounded semi-annually for the
Shane deposited $1,300 at the end of every month into an RRSP for 9 years. The interest rate earned was 3.25% compounded semi-annually for the first 4 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 9 years? Round to the nearest cent.
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