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Question
Jawad makes semi-annual contributions of $2000 starting on his 27th birthday. How much will he accumulate in his RRSP by age 60, if RRSP earns 8% compounded semi-annually and no contribution is made on his sixtieth birthday?
A) $615 535 B) $640 156 C) $565 324 D) $587 937 E) $669 842
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