Gabe opened an RRSP deposit account on December 1, 2008, with a deposit of $2000. He added $2000 on August 1, 2010, and $2000 on February 1, 2012 How much is in his account on September 1. 2016, if the deposit earns 8.4% p.a. compounded monthly? The amount in the account is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Gabe opened an RRSP deposit account on December 1, 2008, with a deposit of $2000. He added $2000 on August 1, 2010, and $2000 on February 1, 2012 How much is in his account on September 1. 2016, if the deposit earns 8.4% p.a. compounded monthly? The amount in the account is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Transcribed Image Text:Gabe opened an RRSP deposit account on December 1, 2008, with a deposit of $2000. He added $2000 on August 1, 2010, and $2000 on February 1, 2012. How much is in his account on September 1, 2016, if the deposit earns 8.4% p.a. compounded monthly?
The amount in the account is $
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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