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Annual contributions of $ 1 , 0 0 0 will be made to a TFSA for 2 5 years. The contributor expects investments within the
Annual contributions of $ will be made to a TFSA for years. The contributor expects investments within the plan to earn compounded annually. What will the TFSA be worth after years if the contributions are made:
a At the end of each year? Round your answer to decimal placs
TFSA's worth $
b At the beginning of each year? Round your answer to decimal places.
TFSA's worth $
c By what percentage does the answer to Part b exceed the answer to Part aDo not round intermediate calculations and round your final percentage answer to decimal place.
Percent difference
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