Question
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If TFSA contributions of $10,000 at the end of every year are...
If TFSA contributions of $10,000 at the end of every year are projected to generate a plan worth $1,000,000 in 25 years, what effective rate of return was assumed in the forecast?
-the book says 10.11% compounded annually-
Answer & Explanation
Solved by verified expertAnswered by thakurvikas on coursehero.com
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sectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante,Get unstuck with a CliffsNotes subscription
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