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30. Suzane is looking to save some money for a down payment on a rst home. She is saving $500 a month in her Registered
30. Suzane is looking to save some money for a down payment on a rst home. She is saving $500 a month in her Registered Retirement Savings Plan (RRSP) as she will eventually be taking advantage of the Home Buyer's Plan for the home purchase. How much will Suzane have saved over the next 5 years, assuming an interest rate of 8%, monthly compounding? 3) $36,121.32 b) $35,432.11 c) $36,738.43 cl) $37,345.09
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