Question 2: Leilamade a one-time investment of $12 000.00 in a
registered retirement savings plan (RRSP) at 2.65%, compounded
semi-annually. She plans to withdraw the money when she retires in 30
years.
a) Determine the value of the investment when she retires. Show your
work.
I
b) Calculate the rate of return [note:] over the 30 years. Show your work.