Ellora wants to accumulate $150 000.00 in an RRSP by making annual contributions of $5000.00 at the

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Ellora wants to accumulate $150 000.00 in an RRSP by making annual contributions of $5000.00 at the end of each year. If interest is 5.5% compounded quarterly, calculate how long she has to make contributions.

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Fundamentals of Financial Management

ISBN: 978-0324597707

12th edition

Authors: Eugene F. Brigham, Joel F. Houston

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Posted Date: Jun 16, 2023 07:49 AM

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Ellora wants to accumulate $150 000.00 in an RRSP by making annual contributions of $5000.00 at the

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we can use the future value formula for compound i... View the full answer

Fundamentals of Financial Management

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