Question: An RRSP earns interest at 4.25% compounded quarterly. An amount of $1200 is invested into the RRSP and earns interest for 10 years. (a) Find

An RRSP earns interest at 4.25% compounded quarterly. An amount of $1200 is invested into the RRSP and earns interest for 10 years.
(a) Find the balance of the account at the end of the period.
(b) How much interest is earned?
(c) What is the effective rate of interest?

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