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Annual contributions to a TFSA of $2000 will be made for 30 years. The contributor expects investments within the plan to earn 8% compounded annually.

Annual contributions to a TFSA of $2000 will be made for 30 years. The contributor expects investments within the plan to earn 8% compounded annually. What will the TFSA account be worth after 30 years if the contributions are made:

a) At the end of the year?

b) At the beginning of the year?

c) What is the accumulated interest for end of year contributions vs beginning of year contributions?

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