Dr. Collins wants the value of her RRSP 30 years from now to have the purchasing power
Question:
a. Assuming an inflation rate of 2% per year, what nominal dollar amount should Dr. Collins have in her RRSP after 30 years?
b. AssumingherRRSPwillearn8.5%compounded semiannually, what contributions should she make at the end of every three months to achieve the goal?
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a The nominal amount in the RRSP should be FV PV1i n 500000 102 30 90568079 b T...View the full answer
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