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Gabriel opened an RRSP deposit account on December 1, 2008, with a deposit of $1500. He added $1500 on March 1, 2010, and $1500 on
Gabriel opened an RRSP deposit account on December 1, 2008, with a deposit of $1500. He added $1500 on March 1, 2010, and $1500 on March 1, 2012. How much is in his account on February 1, 2016, if the deposit earns 7.2% p.a. compounded monthly? The amount in the account is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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Finance Applications And Theory
Authors: Marcia Millon Cornett, John R. Nofsinger, Troy Adair
3rd International Edition
1259252221, 9781259252228
