Suppose that $5000 is contributed at the beginning of each year for 25 years to an RRSP
Question:
Suppose that $5000 is contributed at the beginning of each year for 25 years to an RRSP that earns 10% compounded annually. By what percentage would annual contributions have to be increased in order to have the same future value after 25 years if the plan earns only 8% com- pounded annually?
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