In January 2025
Answer to Question #227044 in Financial Math for cutler
GIC investment in a RRIF 1.25% compounded annually on descending balance for 19 months. It is being used as a retirement payment monthly. Do you lose interest buy putting one large sum in the GIC as apposed to splitting the large sum in half into two GIC's . One will calculate interest on the descending balance while the other goes untouched until maturity.
Answer in progress...
-
![Help me with my assignment!]()
Who Can Help Me with My Assignment
There are three certainties in this world: Death, Taxes and Homework Assignments. No matter where you study, and no matter…
-
![How to finish assignment]()
How to Finish Assignments When You Can’t
Crunch time is coming, deadlines need to be met, essays need to be submitted, and tests should be studied for.…
-
![Math Exams Study]()
How to Effectively Study for a Math Test
Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…
Comments
Leave a comment