Question
Aaron invested $500 at the end of every month into an RRSP for 8 years. The interest rate earned was 4.6% compounded semi-annually for the
Aaron invested $500 at the end of every month into an RRSP for 8 years. The interest rate earned was 4.6% compounded semi-annually for the first 5 years and changed to 4.5% compounded monthly for the next 3 years. What was the accumulated value of the RRSP at the end of 8 years?
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International Finance Transactions Policy And Regulation
Authors: Hal Scott, Anna Gelpern
20th Edition
1609303164, 978-1609303167
