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Home Q & A Board Science-Related Homework Help Mathematics
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Lada Lada
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6 years ago
Don has just turned 43 and has accumulated $34 500 in his RRSP. He makes month-end contributions of $300 to the plan and intends to do so until he retires at the age of 60. The RRSP will be allowed to continue to accumulate until he reaches the age of 65. If the RRSP earn 8% compounded monthly for the next 22 years, what amount will his RRSP contain, when he reaches age 65?
A) $129 539.17
B) $192 993.38
C) $227 493.81
D) $199 361.27
E) $392 354.65
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
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