Question
Garrett contributed $600 at the end of every 3 months, for 3 years, into a Registered Retirement Savings Plan (RRSP) earning 3.50% compounded quarterly. a.
Garrett contributed $600 at the end of every 3 months, for 3 years, into a Registered Retirement Savings Plan (RRSP) earning 3.50% compounded quarterly.
a. What is the future value of the fund at the end of 3 years?
Round to the nearest cent
b. What is the amount of interest earned over the 3-year period?
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Cost Benefit Analysis
Authors: Harry F. Campbell, Richard P.C. Brown
3rd Edition
1032320753, 9781032320755
