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24-06-2024
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Answered

Lucy deposited $1,300 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 3 years and changed to 4.75% compounded monthly for the next 6 years. What was the accumulated value of the RRSP at the end of 9 years?

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