Randy opened an RRSP deposit account on December 1, 2008, with a deposit of $1100. He...
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Randy opened an RRSP deposit account on December 1, 2008, with a deposit of $1100. He added $1100 on December 1, 2010, and $1100 on August 1, 2012. How much is in his account on October 1, 2016, if the deposit earns 7.1% p.a. compounded monthly? The amount in the account is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Randy opened an RRSP deposit account on December 1, 2008, with a deposit of $1100. He added $1100 on December 1, 2010, and $1100 on August 1, 2012. How much is in his account on October 1, 2016, if the deposit earns 7.1% p.a. compounded monthly? The amount in the account is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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To calculate the amount in Randys RRSP deposit account on April 1 2016 to consider the compounding i... View the full answer
Related Book For
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0133052312
10th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
Posted Date:
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