Question
How much larger will the value of an RRSP be at the end of 20 years if the contributor makes month-end contributions of $510, instead
How much larger will the value of an RRSP be at the end of 20 years if the contributor makes month-end contributions of $510, instead of year-end contributions of $6,120? In both cases the RRSP earns 7.8% compounded semiannually. (Do not round intermediate calculations and round your final answer to 2 decimal places.) The RRSP will be $ _________ larger
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Guide To Finance Theory And Application Portfolio Mathematics
Authors: Professional Risk Managers' International Association (PRMIA)
1st Edition
0071731814
