Question: Math question 2] Peter wants to start a Tax Free Savings Account by making semi-monthly deposits of $250. If the TFSA is paying 3.9% compounded

Math question

Math question 2] Peter wants to start a Tax Free Savings Account

2] Peter wants to start a Tax Free Savings Account by making semi-monthly deposits of $250. If the TFSA is paying 3.9% compounded monthly, what will be the value of Peter's account in 3 years and 9 months? How much interest will the account earn? (7 marks)

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