Gabriel opened an RRSP deposit account on December 1, 2008, with a deposit of $2200. He added $2200 on April 1, 2010, and $2200 on October 1, 2012. How much is in his account on November 1, 2016, if the deposit earns 6.4% p.a. compounded monthly?
Added by Judy P.
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- The first deposit on December 1, 2008, to November 1, 2016, is 7 years. - The second deposit on April 1, 2010, to November 1, 2016, is 6.5 years. - The third deposit on October 1, 2012, to November 1, 2016, is 4 years. Show more…
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