Kiara invested $2,000 at the beginning of every 6 months in an RRSP for 11 years. For the first 8 years it earned interest at a rate of 4.30% compounded semi-annually and for the next 3 years it earned interest at a rate of 5.20% compounded semi-annually. a. Calculate the accumulated value of her investment at the end of the first 8 years.
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- Bianca invested $2,100 at the beginning of every 6 months in an RRSP for 11 years. For the first 8 years it earned interest at a rate of 4.70% compounded semi-annually and for the next 3 years it earned interest at a rate of 6.40% compounded semi-annually. a. Calculate the accumulated value of his investment at the end of the first 8 years. $63,385.77 $63,822.64 $40,223.97 $41,169.23 b. Calculate the accumulated value of her investment at the end of 11 years. $63,385.77 $63,822.64 $55,258.15 $41,169.23 c. Calculate the amount of interest earned from the investment. $17,622.64 $17,185.77 $16,133.72 $1,488.92Eric invested $2,000 at the beginning of every 6 months in an RRSP for 11 years. For the first 9 years it earned interest at a rate of 4.40% compounded semi-annually and for the next 2 years it earned interest at a rate of 5.30% compounded semi-annually. a. Calculate the accumulated value of her investment at the end of the first 9 years. $57,787.31 $58,007.88 $43,591.27 $44,550.27 b. Calculate the accumulated value of her investment at the end of 11 years. $57,787.31 $58,007.88 $53,094.50 $44,550.27 c. Calculate the amount of interest earned from the investment. $14,007.88 $13,787.31 $13,463.65 $544.23Miguel invested $1,900 at the beginning of every 6 months in an RRSP for 11 years. For the first 4 years it earned interest at a rate of 4.60% compounded semi-annually and for the next 7 years it earned interest at a rate of 5.10% compounded semi-annually.a. Calculate the accumulated value of her investment at the end of the first 4 years.A. $55,478.69B. $56,281.73C. $16,481.53D. $16,860.61b. Calculate the accumulated value of her investment at the end of 11 years.A. $55,478.69B. $56,281.73C. $49,155.52D. $16,860.61c. Calculate the amount of interest earned from the investment.A. $14,481.73B. $13,678.69C. $8,786.82D. $5,694.91
- Shannon invested $1,900 at the beginning of every 6 months in an RRSP for 11 years. For the first 8 years it earned interest at a rate of 3.70% compounded semi-annually and for the next 3 years it earned interest at a rate of 6.20% compounded semi-annually. a) a. Calculate the accumulated value of her investment at the end of the first 8 years. $55,140.60 $55,522.54 $35,005.05 $35,652.65 b) b. Calculate the accumulated value of her investment at the end of 11 years. $55,140.60 $55,522.54 $48,355.47 $35,652.65 c) c. Calculate the amount of interest earned from the investment. $13,722.54 $13,340.60 $12,419.72 $1,302.82Abigail invested $1,700 at the beginning of every 6 months in an RRSP for 11 years. For the first 7 years it earned interest at a rate of 3.20% compounded semi-annually and for the next 4 years it earned interest at a rate of 6.50% compounded semi-annually. a. Calculate the accumulated value of his investment after the first 7 years. Round to the nearest cent b. Calculate the accumulated value of his investment at the end of 11 years. Round to the nearest cent c. Calculate the amount of interest earned from the investment. Round to the nearest centDiana invested $1,500 at the beginning of every 6 months in an RRSP for 11 years. For the first 5 years it earned interest at a rate of 3.70% compounded semi-annually and for the next 6 years it earned interest at a rate of 5.30% compounded semi-annually. a. Calculate the accumulated value of her investment after the first 5 years. $0.00 Round to the nearest cent b. Calculate the accumulated value of her investment at the end of 11 years. $0.00 Round to the nearest cent c. Calculate the amount of interest earned from the investment. $0.00 Round to the nearest cent
- Ethan invested $2,200 at the beginning of every 6 months in an RRSP for 11 years. For the first 8 years it earned interest at a rate of 3.50% compounded semi-annually and for the next 3 years it earned interest at a rate of 6.40% compounded semi-annually. a. Calculate the accumulated value of his investment after the first 8 years. Round to the nearest cent b. Calculate the accumulated value of his investment at the end of 11 years. Round to the nearest cent c. Calculate the amount of interest earned from the investment.H3. Hannah invested $2,000 at the beginning of every 6 months in an RRSP for 11 years. For the first 5 years it earned interest at a rate of 4.70% compounded semi-annually and for the next 6 years it earned interest at a rate of 5.50% compounded semi-annually. Que 1. Calculate the accumulated value of his investment at the end of the first 5 years. Que 2. Calculate the accumulated value of her investment at the end of 11 years. Que 3. Calculate the amount of interest earned from the investment. Show proper step by step calculationCarlos invested $1,800 at the beginning of every 6 months in an RRSP for 11 years. For the first 6 years it earned interest at a rate of 3.40% compounded semi-annually and for the next 5 years it earned interest at a rate of 5.50% compounded semi-annually. a. Calculate the accumulated value of his investment after the first 6 years. Round to the nearest cent b. Calculate the accumulated value of his investment at the end of 11 years. Round to the nearest cent c. Calculate the amount of interest earned from the investment. Round to the nearest cent
- Belle decided to start a new investment account. She deposits $1,000 into an account that earns 3.5% interest, compounded quarterly for 10 years. How much more would she have earned, in interest, if she invested the same amount into an account earning 3.8% interest, compounded monthly, for the same number of years? a $44.50 b $350 c $1,416.91 d 1,461.41Bruno deposited $7,500 into an investment account and seven years later, the balance in the account was $10,910. What is the rate of return on this investment if interest is compounded annually? 5.5% 6.0% 6.5% 45.5%Albert made investments of $1000 each for two years. The first one at an interest of 4.8% compounded monthly and the second at 4.9% compounded annually. Calculate the total value of his investment in two years. Select one: A. $2100.55 B. $2000 C. $2200.95 D. $1100.55 E. $1100.40