Shobna invested $500 at the end of every month into an RRSP that had an interest rate

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Shobna invested $500 at the end of every month into an RRSP that had an interest rate of 3% compounded daily. Two years later, the interest rate on her RRSP increased to 3.25% compounded daily and remained the same, thereafter. What is the accumulated value of the RRSP in six years?

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Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

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