How long will have to make the deposits

Assignment Help Accounting Basics

Reference no: EM132779628

Victoria deposits $1,500 at the end of every 3 months in an RRSP that is earning 6.90% compounded semi-annually. For the RRSP to accumulate to $32,000, calculate the following:

Problem 1: How many deposits will he have to make?

Problem 2: How long will he have to make these deposits?

Reference no: EM132779628

Questions Cloud

Where would you place your writing in the grid and why : Consider the grid by David Green that appears on p. 152 of Stylish Academic Writing. Sword asserts that the work of most stylish academic writers would.

Victims of racial profiling : What laws and services are available for victims of racial profiling? What other actions might be taken on behalf of victims of racial profiling?

How long will have to make payments years months : How long will he have to make these payments? years months. Gela will make payments of $50 at the end of every month to settle a loan of $800 at 4.20% compound

How might the concept of benchmarking be altered : Your company is thinking about beginning a benchmarking program in human resource management. Use the Internet to locate data and articles about benchmarking.

How long will have to make the deposits : How long will he have to make these deposits? Victoria deposits $1,500 at the end of every 3 months in an RRSP that is earning 6.90% compounded semi-annually.

Laws-services are available for victims of racial profiling : What laws and services are available for victims of racial profiling? What other actions might be taken on behalf of victims of racial profiling?

How do calculate the size of periodic deposits into the fund : Calculate the size of the periodic deposits into the fund. The fund was earning 2.81% compounded monthly for the entire period

Discuss organizational attractiveness relative to reputation : In regards to recruiting, discuss organizational attractiveness relative to reputation and brand recognition. Please provide an example by exploring.

Calculate the size of the equal payments for orey : Orey's retirement fund has an accumulated amount of $60,000. Calculate the size of the equal payments that he deposited at the beginning of every 3 months.

User Account

All Pages