Peter deposits $1339 at the end of every 3 months in an RRSP that is earning...
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Peter deposits $1339 at the end of every 3 months in an RRSP that is earning 7.78% compounded annually. For the RRSP to accumulate to $42597, calculate the following: How many deposits will he have to make? Round up to the next whole number Answer: 4 Peter deposits $1339 at the end of every 3 months in an RRSP that is earning 7.78% compounded annually. For the RRSP to accumulate to $42597, calculate the following: How many deposits will he have to make? Round up to the next whole number Answer: 4
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Answer rating: 100% (QA)
Every 3 Month Quarterly Deposit Rate 778 1 future value 42597 Effective Annual rate EAR 778 ... View the full answer
Related Book For
Contemporary Business Mathematics With Canadian Applications
ISBN: 9780135285015
12th Edition
Authors: Ali R. Hassanlou, S. A. Hummelbrunner, Kelly Halliday
Posted Date:
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