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Author Question: Robert Downey deposited $610.00 in a trust account on the day of his son's birth and every three ... (Read 73 times)

RRMR

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on: Jun 6, 2019

Question 1

Linda contributes $3000.00 at the beginning of every six months into an RRSP paying interest at 6% compounded semi-annually.
a) How much will her RRSP deposits amount to in 15 years?
b) How much of the amount will be interest?

Question 2

Robert Downey deposited $610.00 in a trust account on the day of his son's birth and every three months thereafter. If interest paid is 7.2% compounded quarterly, what will the balance in the trust account be before the deposit is made on the son's twenty-first birthday?
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
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Marked as best answer by RRMR on Jun 6, 2019

cegalasso

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Reply #1 on: Jun 6, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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RRMR

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Reply #2 on: Jun 6, 2019
Thank you!


cegalasso

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Reply #3 on: Jun 6, 2019
Always glad to help...


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