Sharleen contributed $400 towards an RRSP at the end of every month for four years at 2.5%

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Sharleen contributed $400 towards an RRSP at the end of every month for four years at 2.5% compounded monthly.

a. What is the accumulated value of the money at the end of four years?

b. What is the interest amount earned?

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Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

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