Question
Chen opened an RRSP deposit account on December 1, 2008, with a deposit of $2100. He added $2100 on April 1, 2010, and $2100 on
Chen opened an RRSP deposit account on December 1, 2008, with a deposit of $2100. He added $2100 on April 1, 2010, and $2100 on September 1, 2012. How much is in his account on December 1, 2016, if the deposit earns 5.4% p.a. compounded monthly?
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Restructuring And Innovation In Banking
Authors: Claudio Scardovi
1st Edition
331940203X, 978-3319402031
