Lucy deposited $900 at the end of every month into her RRSP account that had an interest

Question:

Lucy deposited $900 at the end of every month into her RRSP account that had an interest rate of 3.35% compounded monthly. How long will it take for the balance on the account to grow to $30,000?

AppendixLO1

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

Question Posted: