Question
Ellora wants to accumulate $150 000.00 in an RRSP by making annual contributions of $5000.00 at the end of each year. If interest is 5.5%
Ellora wants to accumulate $150 000.00 in an RRSP by making annual contributions of $5000.00 at the end of each year. If interest is 5.5% compounded quarterly, calculate how long she has to make contributions.
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we can use the future value formula for compound i...
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
12th edition
978-0324597714, 324597711, 324597703, 978-8131518571, 8131518574, 978-0324597707
