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Author Question: Bhamani is contributing to a RESP they have set up for their grandchildren. What amount will they ... (Read 41 times)

mrsjacobs44

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on: Jun 6, 2019

Question 1

Saba gets a year-end bonus in December every year before the Christmas. She plans to invest $1000 from the bonus at the end of every year into mutual funds RRSP, which are expected to grow at the rate of 8% compounded semi-annually. What will be the total value of her periodic investments after 25 years?

Question 2

Bhamani is contributing to a RESP they have set up for their grandchildren. What amount will they have in the RESP after 13 years of contributing $185 at the end of every month if the plan earns 5.5% compounded quarterly?
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
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Marked as best answer by mrsjacobs44 on Jun 6, 2019

asdfghjkl;

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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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mrsjacobs44

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Reply 2 on: Jun 6, 2019
Great answer, keep it coming :)

kthug

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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