Question
For the past 26 years, Ben has contributed $7,680 to his RRSP at the end of every 12 months. The plan earned 8% compounded quarterly
For the past 26 years, Ben has contributed $7,680 to his RRSP at the end of every 12 months. The plan earned 8% compounded quarterly for the first 15 years and 7.80% compounded annually for the subsequent 11 years. What is the value of his RRSP today? For full marks your answer(s) should be rounded to the nearest cent.
RRSP Value = _____
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Sabotage The Business Of Finance
Authors: Ronen Palan
1st Edition
0141986247, 978-0141986241
