Question
Marcus deposited $1,400 at the end of every month into an RRSP for 8 years. The interest rate earned was 4.25% compounded semi-annually for
Marcus deposited $1,400 at the end of every month into an RRSP for 8 years. The interest rate earned was 4.25% compounded semi-annually for the first 5 years and changed to 4.50% compounded monthly for the next 3 years. What was the accumulated value of the RRSP at the end of 8 years? Round to the nearest cent
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Fundamentals Of Business Mathematics In Canada
Authors: F. Ernest Jerome, Jackie Shemko
3rd Edition
1259370151, 978-1259370151
