Question
If Henry contributes an amount to their RRSP every beginning quarter for the next 12 years and then contributes $1,300 at each month's end for
If Henry contributes an amount to their RRSP every beginning quarter for the next 12 years and then contributes $1,300 at each month's end for the subsequent 14 years, they will have $684,777 in their RRSP at the end of the 26 years? Assume that the RRSP earns 5.75% compounded semiannually. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Henry will have to have $[ before the second period to achieve their goal. Henry will have to make payments $[ Jat beginning of each quarter for the first 12 years to achieve this amount
i
How long will it take an RRSP to grow to $717,500 if it takes in month-end contribution of $2,350 and earms (Do not round Intermediate calculations. Round up the number of contributions to the next integer. Do not round year up if months are 12) a. 6.5% compounded Weekly? years. month(s) b. 8.1% compounded Biweekly? month(s) years, c. 9.4% compounded Semi-Annually? years, month(s) d10.4% compounded Semi-Monthly? month(s
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