Question
Andrew deposited $1,400 at the end of every month into an RRSP for 8 years. The interest rate earned was 4.50% compounded semi-annually for the
Andrew deposited $1,400 at the end of every month into an RRSP for 8 years. The interest rate earned was 4.50% compounded semi-annually for the first 4 years and changed to 4.75% compounded monthly for the next 4 years. What was the accumulated value of the RRSP at the end of 8 years?
Round answer to nearest cent
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U.S. Mergers And Acquisitions Legal And Financial Aspects
Authors: Felix Lessambo
1st Edition
3030857344,3030857352
