Josephine plans to invest $200 at the end of each month into an RRSP for the next 10 years. If she earns 65%pa, compounded monthly, what will be her balance at the end of the 10 years? Answer: 1560

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section7.7: Writing Exponential Functions
Problem 8CYU
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Josephine plans to invest $200 at the end of each month into an RRSP for the next 10 years. If she earns 6.5% pa, compounded monthly, what will be her balance
at the end of the 10 years?
Answer: 1560
Transcribed Image Text:Josephine plans to invest $200 at the end of each month into an RRSP for the next 10 years. If she earns 6.5% pa, compounded monthly, what will be her balance at the end of the 10 years? Answer: 1560
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