On February 1 of three successive gears, Roger contributed $3000, $4000, and $3500, respectively, to his RRSP.
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On February 1 of three successive gears, Roger contributed $3000, $4000, and $3500, respectively, to his RRSP. The funds in his plan earned 3% compounded monthly for the first year, 2.5% compounded quarterly for the second gear, and 3.75% compounded semiannually for the third gear. What was the value of his RRSP three years after the first contribution?
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Value after 1 year FV PV1i 3000 10025 2 3091248 3 VY PY 12 ENTER making CY PY 12 12 N ...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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