Rebecca is trying to decide if she should make regular month-end $100 deposits to her TFSA or
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Rebecca is trying to decide if she should make regular month-end $100 deposits to her TFSA or deposit $300 at the end of every three months instead. How much larger is the option with the higher future value after 20 years if both investments earn 4.25% compounded annually?
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For the case of monthend contributions of 100 1 i 425 425 PMT 100 n 240 c 12 0083 12 11 1 1042...View the full answer
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Related Book For
Business Mathematics In Canada
ISBN: 9781260065992
10th Edition
Authors: F. Ernest Jerome, Tracy Worswick
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