a. Calculate the accumulated value of her investment at the end of the first 4 years. A. $55,478.69 B. $56,281.73 C. $16,481.53 D. $16,860.61 b. Calculate the accumulated value of her investment at the end of 11 years. A. $55,478.69 B. $56,281.73 C. $49,155.52 D. $16,860.61 c. Calculate the amount of interest earned from the investment. A. $14,481.73 B. $13,678.69 C. $8,786.82 D. $5,694.91
a. Calculate the accumulated value of her investment at the end of the first 4 years. A. $55,478.69 B. $56,281.73 C. $16,481.53 D. $16,860.61 b. Calculate the accumulated value of her investment at the end of 11 years. A. $55,478.69 B. $56,281.73 C. $49,155.52 D. $16,860.61 c. Calculate the amount of interest earned from the investment. A. $14,481.73 B. $13,678.69 C. $8,786.82 D. $5,694.91
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
Miguel invested $1,900 at the beginning of every 6 months in an RRSP for 11 years. For the first 4 years it earned interest at a rate of 4.60% compounded semi-annually and for the next 7 years it earned interest at a rate of 5.10% compounded semi-annually.
a. Calculate the accumulated value of her investment at the end of the first 4 years.
A. $55,478.69
B. $56,281.73
C. $16,481.53
D. $16,860.61
b. Calculate the accumulated value of her investment at the end of 11 years.
A. $55,478.69
B. $56,281.73
C. $49,155.52
D. $16,860.61
c. Calculate the amount of interest earned from the investment.
A. $14,481.73
B. $13,678.69
C. $8,786.82
D. $5,694.91
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