Question
Laurence contributed $4,205 at the end of every 6 months to an RRSP fund earning 7.20% compounded semi-annually for 13 years. a. What was the
Laurence contributed $4,205 at the end of every 6 months to an RRSP fund earning 7.20% compounded semi-annually for 13 years.
a. What was the future value of the fund at the end of the term? Round to the nearest cent
b. What was the amount of interest earned over this period? Round to the nearest cent
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The Handbook Of Traditional And Alternative Investment Vehicles Investment Characteristics And Strategies
Authors: Mark J. P. Anson, Frank J. Fabozzi, Frank J. Jones
1st Edition
0470609737, 978-0470609736
