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5, Assume that the investments within an RRSP will earn 5% compounded annually. What monthly contribution must be made to the RRSP for it to

5, Assume that the investments within an RRSP will earn 5% compounded annually. What monthly contribution must be made to the RRSP for it to grow to $750,000 in:

c. 25 years?

d. 30 years?

In each case, also calculate the total earnings within the RRSP. (Note that the total earnings increase proportionately more than the duration of contributions)

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