Question: Pascal has recently opened an RRSP. He plans to deposit $ 785 at the end of every month for 10 years. The account will compound
Pascal has recently opened an RRSP. He plans to deposit $ 785 at the end of every month for 10 years. The account will compound interest semi-annually at the nominal rate of 9.3 %. How much money will Pascal have in his account immediately after his last deposit?
a.
$ 152984.88
b.
$ 162163.97
c.
$ 160634.12
d.
$ 156044.57
e.
$ 146865.48
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