Sheila already has $67,000 in her RRSP. How much longer must she contribute $4000 at the end

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Sheila already has $67,000 in her RRSP. How much longer must she contribute $4000 at the end of every six months to accumulate a total of $500,000 if the RRSP earns 9% compounded quarterly? (Round the time required to the next higher month.)

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 08:00 AM

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Sheila already has $67,000 in her RRSP. How much longer must she contribute $4000 at the end

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The combined future value of the initial 67000 and the semiannual contri...View the full answer

Business Mathematics In Canada

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