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Annual contributions of $ 1 , 3 0 0 will be made to a TFSA for 2 5 years. The contributor expects investments within the

Annual contributions of $1,300 will be made to a TFSA for 25 years. The contributor expects investments within the plan to earn 7.3% compounded annually. What will the TFSA be worth after 25 years if the contributions are made:
a. At the end of each year? (Round your answer to 2 decimal places.)
TFSA's worth $
b. At the beginning of each year? (Round your answer to 2 decimal places.)
TFSA's worth $
c. By what percentage does the answer to Part (b) exceed the answer to Part (a)?(Do not round intermediate calculations and round your final percentage answer to 1 decimal place.)
Percent difference
%

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