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Brian has made contributions of $3,000 to his RRSP at the end of every half year for the past seven years. The plan has earned
Brian has made contributions of $3,000 to his RRSP at the end of every half year for the past seven years. The plan has earned 9% compounded semi-annually. He has just moved the funds to another plan earning 6% compounded quarterly, and will now contribute $2,400 at the end of every 3 months. What total amount will he have in the plan five years from now?
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