Question
Pascal has recently opened an RRSP. He plans to deposit $ 344 at the end of every month for 15 years. The account will compound
Pascal has recently opened an RRSP. He plans to deposit $ 344 at the end of every month for 15 years. The account will compound interest semi-annually at the nominal rate of 4.9 %. How much money will Pascal have in his account immediately after his last deposit?
a. $ 94442.46
b. $ 90810.06
c. $ 93534.36
d. $ 98074.87
e. $ 88085.76
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Finance For Real Estate Development
Authors: Charles Long
1st Edition
0874204305, 978-0874204308
