Blake contributed $658 at the end of every 3 months into an RRSP fund earning 2.3% compounded quarterly for 9 years. What is the amount of interest earned over this period? Round to the nearest cent

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Blake contributed $658 at the end of every 3 months into an RRSP
fund earning 2.3% compounded quarterly for 9 years.
What is the amount of interest earned over this period?
Round to the nearest cent
Answer:
Transcribed Image Text:Blake contributed $658 at the end of every 3 months into an RRSP fund earning 2.3% compounded quarterly for 9 years. What is the amount of interest earned over this period? Round to the nearest cent Answer:
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