If you contribute $1000 to an RRSP at the beginning of every three months for 25 years
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Annuity
An annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,...
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At a focal date 25 years from now FV of RRSP contributions PV of the annuity payments The ...View the full answer
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