David invested $2,100 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 3.80% compounded semi-annually and for the next 6 years it earned interest at a rate of 6.20% compounded semi-annually. Calculate the accumulated value of her investment at the end of 11 years. Rounded to the nearest cent. (Hints XXXXXXX)
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- Diana 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 centAbigail 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 centEthan 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.
- Eric 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. $5,694.91Morgan opened an RRSP account and deposited $2,800.00 into it. She then deposited $900.00 at the end of the 1st year and $575.00 at the end of the 2nd year, into the account. The RRSP was earning 2.20% compounded quarterly. What is the accumulated value of the investment at the end of 8 years Round to the nearest cent
- Carlos 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 centShannon 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 $1,302.82Bruno 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%
- 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 $1,488.92H3. 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 calculationKarina invests X at the end of each year into an account which earns an annual effective interest rate of 7%. Karina’s balance at the end of 13 years is 100,703.21. Determine X.