Pascal has recently opened an RRSP. He plans to deposit $ 843 at the end of every month for 20 years. The account will compound interest semi-annually at the nominal rate of 6.5 %. How much money will Pascal have in his account immediately after his last deposit? a. $ 409170.84 b. $ 450087.93 c. $ 376437.18 d. $ 388712.30 e. $ 396895.72

Pascal has recently opened an RRSP. He plans to deposit $ 843 at the end of every month for 20 years. The account will compound interest semi-annually at the nominal rate of 6.5 %. How much money will Pascal have in his account immediately after his last deposit? a. $ 409170.84 b. $ 450087.93 c. $ 376437.18 d. $ 388712.30 e. $ 396895.72

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 24P

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