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Emma just turned 39 years old. Five years ago, Emma opened a TFSA and invested $9,000 upon opening, and continued to contribute $250 on the
Emma just turned 39 years old. Five years ago, Emma opened a TFSA and invested $9,000 upon opening, and continued to contribute $250 on the end of every month. Her account is now valued at $27,500. She would like to accumulate $500,000 by the time she reaches age 67 and will continue with her monthly contributions until then. What rate of return compound monthly can help to achieve her goal?
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