Question: Please Help !! Trent has opened an RRSP account by making an initial deposit of $1300. He intends to make annual deposits for 23 years
Please Help !!
Trent has opened an RRSP account by making an initial deposit of $1300. He intends to make annual deposits for 23 years increasing at a constant rate of 2.4%. How much of the accumulated value just after the last deposit was made is interest if interest is 6.4% compounded annually? The amount of interest included in the accumulated value is s (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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