Sebastian has made contributions of $2000 to his RRSP at the end of every six months for
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Sebastian has made contributions of $2000 to his RRSP at the end of every six months for the past eight years. The plan has earned 5.5% compounded semiannually. He has just moved the funds to another plan that earns 4% compounded quarterly. He will now contribute $1500 at the end of every three months. What total amount will Sebastian have in the plan seven years from now?
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The amount currently in Sebastians RRSP is For the ne...View the full answer
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