Question
Peter deposits $1743 at the end of every month in an RRSP that is earning 6.13% compounded semi-annually. For the RRSP to accumulate to $41626,
Peter deposits $1743 at the end of every month in an RRSP that is earning 6.13% compounded semi-annually. For the RRSP to accumulate to $41626, calculate the following:
How many deposits will he have to make?
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An Introduction to Investment Banks, Hedge Funds, and Private Equity
Authors: David P. Stowell
1st edition
978-0123745033, 0123745039, 978-9380931074
