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  3. adrian invested $1,600 at the beginning of every 6

Adrian invested $1,600 at the beginning of every 6 months in an RRSP for 11 years....

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Advance Math

Adrian invested $1,600 at the beginning of every 6 months in anRRSP for 11 years. For the first 7 years it earned interest at arate of 4.50% compounded semi-annually and for the next 4 years itearned interest at a rate of 5.60% compounded semi-annually.

a. Calculate the accumulated value of hisinvestment after the first 7 years.

b. Calculate the accumulated value of herinvestment at the end of 11 years.

c. Calculate the amount of interest earned fromthe investment.

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