Suppose that $5000 is contributed at the beginning of each year to an RRSP that earns 8%
Question:
a. How many contributions will it take to accumulate the first $500,000?
b. How many more contributions will it take for the RRSP to reach $1,000,000?
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Thecontributions form a simple annuity due a To accumulate FV due ...View the full answer
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