Shelby invested $2,000 at the beginning of every 6 months in an RRSP for 11 years. For the first 5 years it earned interest at a rate of 3.30% compounded semi-annually and for the next 6 years it earned interest at a rate of 5.60% compounded semi-annually.

Calculate the accumulated value of her investment at the end of the first 5 years. Multiple Choice Answer

• $58,579.01
• $59,364.79
• $21,552.26
• $21,907.88

Calculate the accumulated value of her investment at the end of 11 years. Multiple Choice Answer

• $58,579.01
• $59,364.79
• $50,757.36
• $21,907.88

Calculate the amount of interest earned from the investment. Multiple Choice Answer

• $15,364.79
• $14,579.01
• $10,515.31
• $4,849.48