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Calculate the amount of interest earned from the investment

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Reference no: EM133132091

Question - Evan invested $1,700 at the beginning of every 6 months in an RRSP for 11 years. For the first 4 years it earned interest at a rate of 4.40% compounded semi-annually and for the next 7 years it earned interest at a rate of 6.20% compounded semi-annually.

Required -

a. Calculate the accumulated value of her investment at the end of the first 4 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: EM133132091

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