Question
Edward deposits $1,100 at the end of every 3 months in an RRSP that is earning 6.60% compounded semi-annually. For the RRSP to accumulate to
Edward deposits $1,100 at the end of every 3 months in an RRSP that is earning 6.60% compounded semi-annually. For the RRSP to accumulate to $36,000, calculate the following: a. How many deposits will she have to make? Round up to the next whole number b. How long will she have to make these deposits? years months Express the answer in years and months, rounded to the next payment period
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Essentials Of Managerial Finance
Authors: Scott Besley, Eugene F. Brigham
12th Edition
0030258723, 9780030258725
