Liam has $30,000 in his RRSP account and wants this to accumulate to $250,000. The account is
Question:
Liam has $30,000 in his RRSP account and wants this to accumulate to $250,000. The account is earning 6.1% compounded semi-annually and he plans to deposit $2500 at the beginning of every six months into this account. How long will it take to achieve his goal?
AppendixLO1
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
Question Posted: