Mahadeus opened an RRSP deposit account on December 1, 2008, with a deposit of $2300. He added $2300 on April 1, 2010, and $2300 on January 1, 2012. How much is in his account on October 1, 2016 if the deposit earns 6.7% pa compounded monthly? CED The amount in the account is S (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Mahadeus opened an RRSP deposit account on December 1, 2008, with a deposit of $2300. He added $2300 on April 1, 2010, and $2300 on January 1, 2012. How much is in his
account on October 1, 2016. if the deposit earns 6.7% pa compounded monthly?
(3)
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)
Clear all
Transcribed Image Text:K Mahadeus opened an RRSP deposit account on December 1, 2008, with a deposit of $2300. He added $2300 on April 1, 2010, and $2300 on January 1, 2012. How much is in his account on October 1, 2016. if the deposit earns 6.7% pa compounded monthly? (3) 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) Clear all
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