Question
Chad contributed $1,800 at the end of every 3 months into an RRSP fund earning 2.50% compounded quarterly for 9 years. a. What is the
Chad contributed $1,800 at the end of every 3 months into an RRSP fund earning 2.50% compounded quarterly for 9 years.
a.What is the future value of the fund at the end of 9 years?
b.What is the amount of interest earned over this period?
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
10th edition
133052311, 978-0133052312
