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    Business Mathematics Study Set 1
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    Exam 11: Annuities: Periodic Payment, Number of Payments, and Interest Rate
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    What Payments Must Be Made at the End of Each
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What Payments Must Be Made at the End of Each

Question 45

Question 45

Short Answer

What payments must be made at the end of each quarter to an RRSP earning 4.2% compounded annually so that its value 8½ years from now will be $15,000?

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