How long will it take an RRSP to grow to $790,000 if it receives a contribution of $1,900 at the beginning of each quarter and it earns: (Do not round intermediate calculations and round up the number of payments, n, to the next whole number

Math Apr 06, 2022

How long will it take an RRSP to grow to $790,000 if it receives a contribution of $1,900 at the beginning of each quarter and it earns: (Do not round intermediate calculations and round up the number of payments, n, to the next whole number.)

a.5.2% compounded quarterly quarterly contributions b.8.1% compounded quarterly quarterly contributions c.9.8% compounded quarterly quarterly contributions d.11.2% compounded quarterly quarterly contributions