Question: 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
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 monthly at the nominal rate of 9.7%. How much money will Pascal have in his account immediately after his last deposit? a. $618882.32 b. $638846.27 c. $652155.57 d. $705392.76 e. $665464.86
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
