Create an Account

Already have account?

Forgot Your Password ?

Home / Questions / Dr Collins wants the value of her RRSP 30 years from now to have the purchasing power of $...

Dr Collins wants the value of her RRSP 30 years from now to have the purchasing power of $500000 in current dollars Assuming her RRSP will earn 85 compounded semiannually what contributions

Dr. Collins wants the value of her RRSP 30 years from now to have the purchasing power of $500,000 in current dollars. Assuming her RRSP will earn 8.5% compounded semiannually, what contributions should she make at the end of every three months to achieve the goal?

Answer is supposed to be $1708.17.

 

Aug 15 2020 View more View Less

Answer (Solved)

question Subscribe To Get Solution

Related Questions