Question
1. Laurence contributed $4,125 at the end of every 6 months to an RRSP fund earning 7.47% compounded semi-annually for 9 years. a. What was
1. Laurence contributed $4,125 at the end of every 6 months to an RRSP fund earning 7.47% compounded semi-annually for 9 years.
a. What was the future value of the fund at the end of the term? Round to the nearest cent
b. What was the amount of interest earned over this period?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
