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A new RRSP is set up with monthly contributions of $300 for five years earning 9% compounded semi-annually. The RRSP will have $22,695.85 when complete.

A new RRSP is set up with monthly contributions of $300 for five years earning 9% compounded semi-annually. The RRSP will have $22,695.85 when complete. The first payment is today. (draw an annuity timeline and determine the annuity type)

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