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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)

Essentials Of Investments
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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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.)
Transcribed Image Text: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.)
How much would you have to pay into an account at the beginning of every six months to accumulate $12,300.00 in 10 years, if interest in 4% compounded quarterly? COTID The payments would have to be S (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Transcribed Image Text:How much would you have to pay into an account at the beginning of every six months to accumulate $12,300.00 in 10 years, if interest in 4% compounded quarterly? COTID The payments would have to be S (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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