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Moira has made contributions of $100 to her RRSP at the end of every month for the past 5 years. The plan has earned 2%
Moira has made contributions of $100 to her RRSP at the end of every month for the past 5 years. The plan has earned 2% compounded quarterly. She has just moved the funds to another plan paying 2.5% compounded monthly and will now contribute $500 at the end of every quarter. What total amount will she have in the plan five years from now? 1/Y P/Y Cly N PV PMT FV 60 0 -100 2 12 4 FV P/Y PV PMT C/Y 1/Y N
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