Luis deposited $900 at the end of every month into an RRSP for 9 years. The interest rate earned was 4.50% compounded semi-annually for the first 4 years and changed to 4.75% compounded monthly for...

Luis deposited $900 at the end of every month into an RRSP for 9 years. The interest<br>rate earned was 4.50% compounded semi-annually for the first 4 years and changed to<br>4.75% compounded monthly for the next 5 years. What was the accumulated value of<br>the RRSP at the end of 9 years?<br>Round to the nearest cent<br>

Extracted text: Luis deposited $900 at the end of every month into an RRSP for 9 years. The interest rate earned was 4.50% compounded semi-annually for the first 4 years and changed to 4.75% compounded monthly for the next 5 years. What was the accumulated value of the RRSP at the end of 9 years? Round to the nearest cent

Jun 03, 2022

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Luis deposited $900 at the end of every month into an RRSP for 9 years. The interest rate earned was 4.50% compounded semi-annually for the first 4 years and changed to 4.75% compounded monthly for...

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