What payments must be made at the end of each quarter to an RRSP earning 4.2% compounded

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What payments must be made at the end of each quarter to an RRSP earning 4.2% compounded annually so that its value 8 1/2 years from now will be $15,000?

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Fundamentals Of Business Mathematics In Canada

ISBN: 9781259370151

3rd Edition

Authors: F. Ernest Jerome, Jackie Shemko

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Question Posted: Oct 21, 2020 04:56 AM

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What payments must be made at the end of each quarter to an RRSP earning 4.2% compounded

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The payments form an ordinary general annuity having FV 1500...View the full answer

Fundamentals Of Business Mathematics In Canada

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