Question
Rebecca deposited $1,300 at the end of every month into an RRSP for 8 years. The interest rate earned was 3.50% compounded semi-annually for the
Rebecca deposited $1,300 at the end of every month into an RRSP for 8 years. The interest rate earned was 3.50% compounded semi-annually for the first 2 years and changed to 3.75% compounded monthly for the next 6 years. What was the accumulated value of the RRSP at the end of 8 years?
Round to the nearest cent
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Introduction To Personal Finance Beginning Your Financial Journey
Authors: Lance Palmer, John E. Grable
2nd Edition
1119797063, 978-1119797067
