Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. please provide this answer sue has contributed $

please provide this answer Sue has contributed $1,935.00 every six months for the...

80.2K

Verified Solution

Question

Finance

image

please provide this answer

Sue has contributed $1,935.00 every six months for the last 12 years into an RRSP fund. The interest earned by these deposits was 4% compounded semi-annually for the first 5 years and 7% compounded semi-annually for the last 7 years. How much money is currently in the RRSP? The balance is $ (Round the final answer to the nearest cent as needed. Round intermediate values to four decimal places as needed.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

1.)Ă‚ Ă‚ Describe the five factors mentioned in Reckhow that could shape a foundation’s decision to fund a...

Psychology
Q

What would you suggest as an effective policy to reduce firearms violence in the school setting,...

Psychology
Q

Question 10 Points 1 Why did the Framers think the ratification of the Constitution would...

Biology
Q

When a patient has Disorder the patient behaves in socially inappropriate ways that may include...

Biology
Q

Let ? be an angle such that csc0= 7/4 and tan? <0.Find the exact values...

Basic Math
Q

126 Approximately 8 percent of students at a local high school participate in after school...

Statistics
Q

Find f f t f t sec t sec t tan t t f 2...

Calculus
Q

On April 1, 2022, Grateau Group (a calendar year end business) purchased equipment...

Accounting
Q

BANK BOOKS Bal, Jan 31 Add: Deposit in transit 1,050 Bal, Jan 31 Add 1,050...

Accounting
Q

Step 1: Understanding Tax Basis Step-Up A tax basis step-up...

Accounting
Q

Jean Peck's Furniture manufactures tables for hospitality sector. It takes only bulk orders and each...

Accounting
Q

Moss Co. issued $480,000 of ten-year, 12% bonds with interest payable semiannually, at a market...

Accounting