With end-of-month contributions of $251.33, a TFSA is expected to pass $100,000 in value after 15 years

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With end-of-month contributions of $251.33, a TFSA is expected to pass $100,000 in value after 15 years and 5 months. Determine the nominal and effective rates of return used in the projection.

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Sep 21, 2024 08:02 AM

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With end-of-month contributions of $251.33, a TFSA is expected to pass $100,000 in value after 15 years and 5 months. Determine the nominal and effective rates of return used in the projection.
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With end-of-month contributions of $251.33, a TFSA is expected to pass $100,000 in value after 15 years

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Business Mathematics In Canada

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