Question
Morris wishes to have $80 000 in his RRSP 20 years from now. He will make payments at the end of each six-month period for
Morris wishes to have $80 000 in his RRSP 20 years from now. He will make payments at the end of each six-month period for 20 years. The interest rate is 8% compounded quarterly. What expression can be used to find the equivalent rate per payment period?
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Geometry
Authors: David A Brannan, Matthew F Esplen, Jeremy J Gray
1st Edition
1107299292, 9781107299290
