Question
Ted deposited $1750 in an RRSP on March 1, 2014, at 3% compounded quarterly. Subsequently the interest rate was changed to 4% compounded monthly on
Ted deposited $1750 in an RRSP on March 1, 2014, at 3% compounded quarterly. Subsequently the interest rate was changed to 4% compounded monthly on September 1, 2016, and to 4.5% compounded semi-annually on June 1, 2018. What was the value of the RRSP deposit on December 1, 2020, if no further changes in interest were made?
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The Well Church Book A Practical Guide To Mission Audit
Authors: John Finney
1st Edition
0862015499, 978-0862015497
