George contributed $3500 per year for seven years into an RRSP account earning 5.94% compounded semi-annually.After the seven years, he stopped the contributions, but left the money in the RRSP for another five years, still at 5.94%compounded semi-annually.
b) How much interest was earned over the 12 year period?
Get Answers For Free
Most questions answered within 1 hours.