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Author Question: Jenna intends to contribute $2500 to her RRSP at the beginning of every six months, starting today. ... (Read 93 times)

swpotter12

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on: Jun 6, 2019

Question 1

Jawad makes semi-annual contributions of $2000 starting on his 27th birthday. How much will he accumulate in his RRSP by age 60, if RRSP earns 8% compounded annually and no contribution is made on his sixtieth birthday?
◦ $640 156
◦ $565 324
◦ $618 606
◦ $595 254
◦ $615 535

Question 2

Jenna intends to contribute $2500 to her RRSP at the beginning of every six months, starting today. The financial adviser has advised Jenna that if she continues her contributions for 20 years, the RRSP would earn 8% compounded semi-annually for the first 7 years and 7% compounded semi-annually, thereafter. What amount will Jenna have in the plan after 20 years?
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
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Marked as best answer by swpotter12 on Jun 6, 2019

akemokai

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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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swpotter12

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Reply 2 on: Jun 6, 2019
Excellent

brbarasa

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

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