Calculate the accumulated value of her investment

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Reference no: EM133434858

Question: Anna invested $2,200 at the beginning of every 6 months in an RRSP for 11 years. For the first 8 years it earned interest at a rate of 3.90% compounded semi-annuallv and for the next 3 years it earned interest at a rate of 6.50% compounded semi-annually.

a. Calculate the accumulated value of her investment after the first 8 years.

b. Calculate the accumulated value of her investment at the end of 11 years.

c. Calculate the amount of interest earned from the investment.

Reference no: EM133434858

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