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Calculating Future Values (L01) You have just made your first $5,000 contribution to your RRSP. Assuming you earn an 11 percent rate of return and

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Calculating Future Values (L01) You have just made your first $5,000 contribution to your RRSP. Assuming you earn an 11 percent rate of return and make no additional contributions, what will your account be worth when you retire in 45 years? What if you wait ten years before contributing? (Does this suggest an investment strategy?)

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