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Tyler has already saved $23,350 in his TFSA today. Suppose he plans to continue adding $1,306 at the end of every six months for the
Tyler has already saved $23,350 in his TFSA today. Suppose he plans to continue adding $1,306 at the end of every six months for the next 8 years. In order to achieve his goal of having $60,000 at the end of the 8 years, what monthly nominal rate of return must his investment earn? Enter the future value as a positive value in the FV box below. Enter PV and PMT as positive or negative values based on FV being positive. Report I/Y accurate to 3 decimal places. P/Y= C/Y= N= 1/Y= PV=$ PMT=$ FV=$
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