He will save $500 at the beginning of every month until retirement in an RRSP that has an interest rate of 5.4% compounded monthly.
e. For Morgan to be able to withdraw $2000 from the RRSP at the beginning of every month during his planned 20-year retirement period, what does the nominal interest rate, compounded monthly, need to change to, assuming the interest rate during the 25-year savings period remains unchanged at 5.4% compounded monthly?

c is the correct answer

step-by-step explanation:

amount of oatypop that contains the prize = 40%

amount   of oatypop which doesn't contain the prize = (100-40)=60%

probability that hannah will win a prize

    = s +f s +f f s+ff   f s+ff f f s+ infinity.where f= failure,s= success

=   or 60%

probability that hannah only has to buy 3 or less boxes before getting a prize= (s) and ( f s) and (ff s) and (f f f s)

        = = 87.04 %  

step-by-step explanation:

idk

step-by-step explanation: