Mrs. Nash will contribute $200 to her RRSP at the end of each month for 15 years. How much more wilil she have for retirement if she contributes $225 at the end of each month for the same period of time, if her investments earn 11.7% compounded monthly? 24,279.46 12,139.73 43.281.90 O 21.640.95

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
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Mrs. Nash will contribute $200 to her RRSP at the end of each month for 15 years. How much more will she have
for retirement if she contributes $225 at the end of each month for the same period of time, if her investments
earn 11.7% compounded monthly?
O 24,279.46
O 12,139.73
O 43.281.90
O 21,640.95
Transcribed Image Text:Mrs. Nash will contribute $200 to her RRSP at the end of each month for 15 years. How much more will she have for retirement if she contributes $225 at the end of each month for the same period of time, if her investments earn 11.7% compounded monthly? O 24,279.46 O 12,139.73 O 43.281.90 O 21,640.95
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