Robert opened an RRSP deposit account on December 1, 2008, with a deposit of $2200. He added $2200 on January 1, 2010, and $2200 on January 1, 2012. How much is in his account on December 1, 2016, if the deposit earns 6.7% 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.)
Robert opened an RRSP deposit account on December 1, 2008, with a deposit of $2200. He added $2200 on January 1, 2010, and $2200 on January 1, 2012. How much is in his account on December 1, 2016, if the deposit earns 6.7% 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:Robert opened an RRSP deposit account on December 1, 2008, with a deposit of $2200. He added $2200 on January 1, 2010, and $2200 on January 1, 2012. How much is in his account on
December 1, 2016, if the deposit earns 6.7% 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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