document.write( "Question 1149858: 3. question: Jane invested $1500 into an RRSP that earned interest at 5% compounded semi-annually for eight years?
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Algebra.Com's Answer #771234 by ikleyn(52824) $\"\"$ $\"About$

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document.write( "(a)  Future value after 8 years =  = 2226.76 dollars.    ANSWER\r\n" );
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document.write( "(b)  Interest earned = 2226.76 - 1500 = 726.76 dollars.\r\n" );
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document.write( "(c)  I din't answer this question, since the post didn't determine what \"the effective rate of interest\" is.\r\n" );
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\n" ); document.write( "\n" ); document.write( "See the lesson\r
\n" ); document.write( "\n" ); document.write( " - Compound interest percentage problems \r
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