Question: Pascal has recently opened an RRSP. He plans to deposit $ 895 at the end of every month for 20 years. The account will compound
Pascal has recently opened an RRSP. He plans to deposit $ 895 at the end of every month for 20 years. The account will compound interest semi-annually at the nominal rate of 9.5 %. How much money will Pascal have in his account immediately after his last deposit?
a.
$ 637171.57
b.
$ 579826.13
c.
$ 656286.72
d.
$ 592569.56
e.
$ 586197.85
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