Question: ANSWER BOTH QUESTION BELOW. LIST OUT ALL THE VALUES (PV, N, ETC.) THAT YOU GET FROM THE QUESTION AND WILL ENTER INTO YOUR CALCULATOR. THEN
ANSWER BOTH QUESTION BELOW. LIST OUT ALL THE VALUES (PV, N, ETC.) THAT YOU GET FROM THE QUESTION AND WILL ENTER INTO YOUR CALCULATOR. THEN GIVE THE ANSWER THAT YOU CALCULATE. 1. An RRSP earns interest at 4.25% compounded quarterly. An amount of $1200 is invested into the RRSP and earns interest for ten years. a. What's the balance of the account at the end of the period? b. How much interest was earned? C. What is the effective rate of interest? 2. What's the accumulated value of payments of $200 made at the end of every three month for 12 years if money is worth 5% compounded quarterly
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