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Compund Interest - Future Value and Present Value Help

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Terri started an RRSP on March 1, 2016, with a deposit of $2000. She added $1800 on December 1, 2018, and $1700 on September 1, 2020. What is the accumulated value of her account on December 1, 2027, if interest is 7.5% compunded quarterly?

 

Any help would be great.

 Nov 13, 2015

2+0 Answers

 #1
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Terri should have in her RRSP=$11,218.63(rounded) as of Dec.1, 2027.

 

P.S. If you want to know how I arrived at this amount, just let me me know.

 Nov 13, 2015
 #2
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Hey that would be great! thanks

 Nov 13, 2015

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