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nick deposits $1800 at the end of every 3 months in an RRSP that is earning 6.60% compunded semi-annually. For the RRSP to accumulate to
nick deposits $1800 at the end of every 3 months in an RRSP that is earning 6.60% compunded semi-annually. For the RRSP to accumulate to $33,000 calculate the following:
how many deposits will he have to make?
how long will he have to make these deposits?
_____years and _____months
express answer in years and months, rounded to the next payment period.
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