Alice invested $100 per month in an RRSP for 20 years. Her sister invested $1200 at the
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Alice invested $100 per month in an RRSP for 20 years. Her sister invested $1200 at the end of each year, also for 20 years. Suppose that both RRSP accounts can earn 4.5% compounded annually. How much larger is the accumulated value in Alice’s RRSP than in her sister’s RRSP?
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Related Book For 
Contemporary Business Mathematics With Canadian Applications
ISBN: 9780135285015
12th Edition
Authors: Ali R. Hassanlou, S. A. Hummelbrunner, Kelly Halliday
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