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6 Number 6 Trent has opened an RRSP account by making an initial deposit of $1900. He intends to make annual deposits for 25 years
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Number 6 Trent has opened an RRSP account by making an initial deposit of $1900. He intends to make annual deposits for 25 years increasing at a constant rate of 2.6%. How much of the accumulated value just after the last deposit was made is interest if interest is 4.7% compounded annually? The amount of interest included in the accumulated value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)Step by Step Solution
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