document.write( "Question 1148978: Anju started an RRSP account on December 1,2014,with 2000.She added 2000 on july 1,2016, and 2000 on December 1,2018.How much is in her account on January 1,2020,if her deposit earns 3% p.a.compounded monthly \n" ); document.write( "

Algebra.Com's Answer #770313 by ikleyn(52786) $\"\"$ $\"About$

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document.write( "It works as if the first deposit of 2000 accumulates money through compounding during 1 + 12*5 = 61 months from Dec.1 2014 to Jan,1 2020;\r\n" );
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document.write( "               the second deposit of 2000 accumulates money  through compounding during 6 + 12*3 = 42 months from Dec.1 2014 to Jan,1 2020;\r\n" );
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document.write( "               the third deposit of of 2000 accumulates money  through compounding during 1 + 12 = 13 months from Dec.1 2018 to Jan,1 2020.\r\n" );
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document.write( "So, the formula is\r\n" );
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document.write( "    Final value =  +  +  = 6616.16 monetary units.    ANSWER\r\n" );
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