Dana's RRSP investment account currently has a balance of $21,963.32. She intends to continue to deposit $700
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Dana's RRSP investment account currently has a balance of $21,963.32. She intends to continue to deposit $700 at the end of every quarter. If her investments earn 5% compounded semiannually, how long will it take Dana to accumulate a total of $100,000?
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The payments represent an ordinary general annuity with Therefo...View the full answer
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Related Book For 
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
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