Question
With end-of-month contributions of $251.33, a TFSA is expected to pass $80,000 in value after 15 years and 5 months. Determine the nominal and effective
With end-of-month contributions of $251.33, a TFSA is expected to pass $80,000 in value after 15 years and 5 months. Determine the nominal and effective rates of return used in the projection. Round to the nearest 0.01%
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Business Mathematics In Canada
Authors: Ernest Jerome
7th edition
978-0071091411, 71091416, 978-0070009899
