Question
Pascal has recently opened an RRSP. He plans to deposit $ 843 at the end of every month for 20 years. The account will compound
Pascal has recently opened an RRSP. He plans to deposit $ 843 at the end of every month for 20 years. The account will compound interest semi-annually at the nominal rate of 6.5 %. How much money will Pascal have in his account immediately after his last deposit? a. $ 409170.84 b. $ 450087.93 c. $ 376437.18 d. $ 388712.30 e. $ 396895.72
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Principles of Managerial Finance
Authors: Chad J. Zutter, Scott B. Smart
15th edition
013447631X, 134476315, 9780134478197 , 978-0134476315
