Question: Pascal has recently opened an RRSP. He plans to deposit $ 908 at the end of every month for 15 years. The account will compound
Pascal has recently opened an RRSP. He plans to deposit $ 908 at the end of every month for 15 years. The account will compound interest semi-annually at the nominal rate of 6.8 %. How much money will Pascal have in his account immediately after his last deposit?
a.
$ 286161.80
b.
$ 291772.82
c.
$ 280550.79
d.
$ 283356.29
e.
$ 288967.31
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