Question
You have invested in an RRSP that earns 2.5% compounded semi-annually. How long will it take you to save $75,000 if you made payments
You have invested in an RRSP that earns 2.5% compounded semi-annually. How long will it take you to save $75,000 if you made payments of $750 at the end of each quarter? Show N with 2 places after the decimal. State your final answer in number of full months. I/Y P/Y C/Y It will take months.
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Finance Applications and Theory
Authors: Marcia Cornett, Troy Adair
3rd edition
1259252221, 007786168X, 9781259252228, 978-0077861681
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