Question
Amanda opened an RRSP account and deposited $2,600.00 into it. She then deposited $800.00 at the end of the 1st year and $525.00 at the
Amanda opened an RRSP account and deposited $2,600.00 into it. She then deposited $800.00 at the end of the 1st year and $525.00 at the end of the 2nd year, into the account. The RRSP was earning 2.20% compounded quarterly. What is the accumulated value of the investment at the end of 6 years ?
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Corporate Financial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
15th Edition
978-1337398169
