Question: Trent has opened an RRSP account by making an initial deposit of $2000. He intends to make annual deposits for 27 years increasing at a

Trent has opened an RRSP account by making an initial deposit of

$2000.

He intends to make

annual

deposits for

27

years increasing at a constant rate of

3.9%.

How much of the accumulated value just after the last deposit was made is interest if interest is

5.6%

compounded

annually?

Question content area bottom

Part 1

The amount of interest included in the accumulated value is

$enter your response here.

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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