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fashunluvr24 fashunluvr24
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11 months ago
Mr. van der Linden has just used the funds in his RRSP to purchase a 25 year annuity earning 8% compounded semiannually and paying $3509 at the beginning of each month. Mr. van der Linden made his last regular semiannual contribution of $2500 to his RRSP 6 months before purchasing the annuity. How long did he contribute to the RRSP if it earned 8% compounded annually?
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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daniboidaniboi
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fashunluvr24 Author
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11 months ago
Thanks
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This calls for a celebration Person Raising Both Hands in Celebration
mmmm_dat_userna
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Thanks for your help!!
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