Multiple Choice
Quarterly contributions of $700 are made to an RRSP that earns 6% compounded monthly. How much will be in the plan immediately after the twentieth deposit?
A) $14,685.38
B) $16,198.55
C) $12,190.19
D) $16,442.74
E) $12,009.15
Correct Answer:
Verified
Correct Answer:
Verified
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