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gewusel gewusel
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Posts: 370
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6 years ago
Billy Bean contributes $415.00 at the beginning of each month into RRSP paying interest at 6.25% compounded semi-annually. What will be the accumulated balance in the RRSP at the end of 14.75 years?
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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wrote...
6 years ago
p =   - 1 = 0.0051418
FVg (due)   = 415 (1.0051418)
   = 415(287.5998244)(1.0051418)
   = $119 967.62
wrote...
4 years ago
thanks Slight Smile
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