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Please help me find the right answer to the following question Alexa has contributed $2,277.00 every three months for the last 13 years into an
Please help me find the right answer to the following question
Alexa has contributed $2,277.00 every three months for the last 13 years into an RRSP fund. The interest earned by these deposits was 5% compounded quarterly for the first 5 years and 8% compounded quarterly for the last 8 years. How much money is currently in the RRSP? The balance is $ 147490.76 (Round the final answer to the nearest cent as needed. Round intermediate values to four decimal places as needed.)Step by Step Solution
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