Question
Ali made equal deposits at the beginning of every 3 months into an RRSP. At the end of 8 years, the fund had an accumulated
Ali 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 $60,000. If the RRSP was earning 4.50% compounded monthly, what was the size of the quarterly deposits?
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Strategic Market Management
Authors: David A. Aaker
5th Edition
0471177431, 9780471177432
