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Ted deposited $1750 in an RRSP on March 1, 2018, at 3% compounded quarterly. Subsequently the interest rate was changed to 4% compounded monthly on
Ted deposited $1750 in an RRSP on March 1, 2018, at 3% compounded quarterly. Subsequently the interest rate was changed to 4% compounded monthly on September 1, 2020, and to 4.5% compounded semi-annually on June 1, 2022. What was the value of the RRSP deposit on December 1, 2024, if no further changes in interest were made? Question content area bottom Part 1 The value of the RRSP deposit is $ enter your response here. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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