Charlene has made contributions of $3000 to her RRSP at the end of every half-gear for the
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Charlene has made contributions of $3000 to her RRSP at the end of every half-gear for the past seven gears. The plan has earned 7% compounded semiannually. She has just moved the funds to another plan earning 4.5% compounded quarterly, and will now contribute $2000 at the end of every three months. What total amount will she have in the plan five years from now?
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The amount is the RRSP will be the future value of all pa...View the full answer
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Related Book For
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
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