Juliana has contributed $2.108.00 every six months for the last 9 years into an RRSP fund The interest earned by these deposits was 4% compounded semi-annually for the first 3 years and 5% compounded semi-annually for the last 6 years. How much money is currently in the RRSP? The balance is $ (Round the final answer to the nearest cent as needed. Round intermediate values to four decimal places as needed)

Juliana has contributed $2.108.00 every six months for the last 9 years into an RRSP fund The interest earned by these deposits was 4% compounded semi-annually for the first 3 years and 5% compounded semi-annually for the last 6 years. How much money is currently in the RRSP? The balance is $ (Round the final answer to the nearest cent as needed. Round intermediate values to four decimal places as needed)

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 31P

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