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glenn has made contributions of $250 at the end of every three months into an RRSP for 10 years. interest for the first 10 years
glenn has made contributions of $250 at the end of every three months into an RRSP for 10 years. interest for the first 10 years was 4% compounded quarterly.
a. what is the amount of the RRSP in 10 years?
b. After the first 10 years, glenn stopped making contributions. the interest rate changed to 5% compounded monthly. how much will Glenn have in his RRSP three years aftethe last contribution?
c. suppose glenn then decides to withdraw the money from the RRSP. How much will he be able to withdraw in monthly amounts overthe next 10 years?
round answers to nearest cent as needed ($ xxx.xx). round all intermediate values to six decimals as needed.
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