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Annual contributions of $2,300 will be made to a TFSA for 25 years. The contributor expects investments within the plan to earn 4% compounded annually.
Annual contributions of $2,300 will be made to a TFSA for 25 years. The contributor expects investments within the plan to earn 4% 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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