What Is the Amount of the Initial Deposit Required to Have

question 21

Short Answer

What is the amount of the initial deposit required to have an RRSP account of $750,000 in 40 years, if deposits are made at the end of each quarter, the plan allows for a 2.5% adjustment for inflation, and money earns 3.8% compounded quarterly?

---

Definitions:

Statement Of Denial

A formal declaration made by a party in a legal proceeding, denying specific allegations made against them.

Secretary Of State

A high-ranking official in the government responsible for the foreign affairs portfolio, often overseeing diplomatic missions, signing treaties, and generally executing foreign policy.

Authority Limitation

Authority Limitation refers to any restrictions placed on the power or official capacity in which an individual or entity can act within legal or organizational contexts.

Real Property

Land and any permanent structures attached to it, such as buildings, homes, and other fixtures.