Question

Harlan made equal payments at the end of each month into his RRSP. If interest in...

Harlan made equal payments at the end of each

month

into his RRSP. If interest in his account is

11.1%

compounded

semi-annually​,

and the balance after

eleven

years is

​$14,000​,

what is the size of the

monthly

​payment?

The size of the

monthly

payment is

​$nothing.

​(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as​ needed.)

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