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Dustin deposits $800 at the end of every 3 months in an RRSP that is earning 5.10% compounded semi-annually. For the RRSP to accumulate to $33,000, calculate the following: a. How many deposits will she have to make? Round up to the next whole number b. How long will she have to make these deposits? years months Express the answer in years and months, rounded to the next payment period

Dustin deposits $800 at the end of every 3 months in an RRSP that is earning 5.10% compounded semi-annually. For the RRSP to accumulate to $33,000, calculate the following: a. How many deposits will she have to make? Round up to the next whole number b. How long will she have to make these deposits? years months Express the answer in years and months, rounded to the next payment period

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Dustin deposits $800 at the end of every 3 months in an RRSP that is earning 5.10% compounded semi-annually. For the RRSP to accumulate to $33,000, calculate the following: a. How many deposits will she have to make? Round up to the next whole number b. How long will she have to make these deposits? years months Express the answer in years and months, rounded to the next payment period
Transcribed Image Text:Dustin deposits $800 at the end of every 3 months in an RRSP that is earning 5.10% compounded semi-annually. For the RRSP to accumulate to $33,000, calculate the following: a. How many deposits will she have to make? Round up to the next whole number b. How long will she have to make these deposits? years months Express the answer in years and months, rounded to the next payment period
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