martinez2153 martinez2153
  • 20-02-2024
  • Mathematics
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Kiara deposited $800 at the end of every month into an RRSP for 7 years. The interest rate earned was 5.25% compounded semi-annually for the first 5 years and changed to 5.50% compounded monthly for the next 2 years. What was the accumulated value of the RRSP at the end of 7 years?

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