Mr. Nowak has contributed $106.00 at the end of each month into an RRSP paying 3% per
Fantastic news! We've Found the answer you've been seeking!
Question:
Mr. Nowak has contributed $106.00 at the end of each month into an RRSP paying 3% per annum compounded annually.
How much will Mr. Nowak have in the RRSP after 15 years?
$
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places asneeded.)
How much of the above amount isinterest?
$
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places asneeded.)
Expert Answer:
Posted Date:
