Question 1 Pedro has a tax free savings account TFSA with a

Last updated: 7/13/2023

Question 1 Pedro has a tax free savings account TFSA with a balance of 5000 00 Interest is earned at a rate of 4 00 compounded monthly If Pedro contributes 400 00 to the TFSA at the end of every month how long will it take him to save 20 000 00 Show your work 2 marks