Dr. Krawchuk made deposits of $2000 to his RRSP at the end of each calendar quarter for six years, adding to the $12,890 he had
Dr. Krawchuk made deposits of $2000 to his RRSP at the end of each calendar quarter for six years, adding to the $12,890 he had already accumulated. He then left general practice for specialist training and did not make further contributions for 2 years. What amount was in his RRSP at the end of this period, if the plan earned 10% compounded quarterly over the entire 8 years?
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Authors: William Brueggeman, Jeffrey Fisher
16th Edition
1259919684, 978-1259919688
