When Michelle retires in 12 years, she wants to receive $250.00 payments at the start of...
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When Michelle retires in 12 years, she wants to receive $250.00 payments at the start of every month for 20 years from her RIF that earns 2.60% compounded semi-annually. What beginning of quarter deposits does Michelle have to make into his RRSP that earns 2.30% compounded quarterly for the 12 years until she retires? PMT = Round to the nearest cent When Michelle retires in 12 years, she wants to receive $250.00 payments at the start of every month for 20 years from her RIF that earns 2.60% compounded semi-annually. What beginning of quarter deposits does Michelle have to make into his RRSP that earns 2.30% compounded quarterly for the 12 years until she retires? PMT = Round to the nearest cent
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Answer rating: 100% (QA)
monthly payment 250 Six monthly payment 62501500 Six monthly payment1... View the full answer
Related Book For
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
Posted Date:
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