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Allison contributed $2,625 at the end of every 3 months into an RRSP fund earning 3.32% compounded quarterly for 8 years. a. What is the
Allison contributed $2,625 at the end of every 3 months into an RRSP fund earning 3.32% compounded quarterly for 8 years.
a. What is the future value of the fund at the end of 8 years? Round to the nearest cent
b. What is the amount of interest earned over this period? Round to the nearest cent
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