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Calculate the accumulated value of her investment

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Question - Michelle invested $1,750 at the end of every 6 months into an RRSP for 14 years. For the first 7 years she earned interest at a rate of 4.90% compounded semi-annually and for the next 7 years she earned interest at a rate of 6.70% compounded semi-annually.

a. Calculate the accumulated value of her investment after the first 7 years. Round to the nearest cent

b. Calculate the accumulated value of her investment at the end of 14 years. Round to the nearest cent

c. How much interest did she earn in her investment over the 14 years?

Reference no: EM133140693

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