Jordan contributed $900 at the end of every 3 months into an RRSP fund earning 2.91% compounded

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Jordan contributed $900 at the end of every 3 months into an RRSP fund earning 2.91% compounded quarterly for 12 years.

a. What is the future value of the fund at the end of 12 years? $0.00 Round to the nearest cent

b. What is the amount of interest earned over this period? $0.00 Round to the nearest cent

Related Book For answer-question

Numerical Methods for Engineers

ISBN: 9780071244299

5th Edition

Authors: Steven C. Chapra, Raymond P. Canale

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Posted Date: Oct 31, 2022 09:55 AM

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Jordan contributed $900 at the end of every 3 months into an RRSP fund earning 2.91% compounded

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Numerical Methods for Engineers

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