Question
How much must be contributed into an RRSP at the end of each year for 25 years to accumulate to $100 000 if interest is
How much must be contributed into an RRSP at the end of each year for 25 years to accumulate to $100 000 if interest is 8% compounded quarterly?
Use six decimal places for intermediate calculations and round the final answer to 2 decimal places (e.g., $0.00).
Be sure to show the financial calculator inputs for PY, I, PV, CY, N, FV and PMT
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Managing Finance A Socially Responsible Approach
Authors: D. Crowther
1st Edition
0750661011, 978-0750661010
