Question
Abigail made equal deposits at the beginning of every 3 months into an RRSP. At the end of 8 years, the fund had an accumulated
Abigail made equal deposits at the beginning of every 3 months into an RRSP. At the end of 8 years, the fund had an accumulated value of $50,000. If the RRSP was earning 3.50% compounded monthly, what was the size of the quarterly deposits?
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
18th Edition
126409762X, 9781264097623
