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You would like to save $ X00 (choose the amount) every month for the next 4 years. If the interest rate is 2% compounded quarterly,
You would like to save $ X00 (choose the amount) every month for the next 4 years. If the interest rate is 2% compounded quarterly, what would the accumulated value of your investment be at the end of 4 years?
Peter makes contributions of $500 at the beginning of every 6 months for X years (choose the time) towards an RRSP. If the RRSP earns interest at 5% compounded semi-annually, what would be the value of his RRSP at the end of the time period?
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