Question: Trent has opened an RRSP account by making an initial deposit of $1500. He intends to make semi-annual deposits for 26 years increasing at a

Trent has opened an RRSP account by making an initial deposit

Trent has opened an RRSP account by making an initial deposit of $1500. He intends to make semi-annual deposits for 26 years increasing at a constant rate of 2.4%. How much of the accumulated value just after the last deposit was made is interest if interest is 3.1% compounded semi-annually? The amount of interest included in the accumulated value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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