Brittany invested $900 at the end of every month into an RRSP for 9 years. The...

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Brittany invested $900 at the end of every month into an RRSP for 9 years. The interest rate earned was 5.3% compounded semi-annually for the first 4 years and changed to 5.5% 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 Brittany invested $900 at the end of every month into an RRSP for 9 years. The interest rate earned was 5.3% compounded semi-annually for the first 4 years and changed to 5.5% 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

Answer rating: 100% (QA)

to calculate the accumulated value separately for the first 4 years and the last 5 ye... View the full answer