Chapter 10, Review Problems #30

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Suppose Evan contributes $2000 to his RRSP at the end of every quarter for the next 15 years, and then contributes $1000 at each month's end for the subsequent 10 years. How much will he have in his RRSP at the end of the 25 years? Assume that the RRSP earns 6% compounded semiannually.

3rd Edition

Authors: F. Ernest Jerome, Jackie Shemko

ISBN: 9781259370151

Exercises 10.2:

Exercises 10.3:

Exercises 10.5: