Patrice opened an RRSP deposit account on December 1, 2016, with a deposit of $1000. He added

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Patrice opened an RRSP deposit account on December 1, 2016, with a deposit of $1000. He added $1000 on July 1, 2018, and $1000 on November 1, 2020. How much is in his account on January 1, 2024, if the deposit earns 6% p.a. compounded monthly?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Question Posted: Feb 26, 2016 03:46 AM

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Patrice opened an RRSP deposit account on December 1, 2016, with a deposit of $1000. He added

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I Y 6 C Y 12 i 612 05 0005 Balance July 1 2018 PV 10...View the full answer

Contemporary Business Mathematics with Canadian Applications

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