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Laurence contributed $4,005 at the end of every 6 months to an RRSP fund earning...

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Finance

Laurence contributed $4,005 at the end of every 6 months to an RRSP fund earning 9.36% compounded semi-annually for 11 years.

a. What was the future value of the fund at the end of the term? (Question relates to: Annuities (Future and Present Value Calculation for Ordinary and General Annuity)

___________________ Round to the nearest cent

b. What was the amount of interest earned over this period?

______________________ Round to the nearest cent

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