Question: Pascal has recently opened an RRSP . He plans to deposit $ 9 1 1 at the end of every month for 2 0 years.

Pascal has recently opened an RRSP. He plans to deposit $ 911 at the end of every month for 20 years. The account will compound interest semi-annually at the nominal rate of 9.7%. How much money will Pascal have in his account immediately after his last deposit?
a.
$ 649361.91
b.
$ 623387.44
c.
$ 603906.58
d.
$ 636374.67
e.
$ 688323.63
Clear my choice

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