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Posted on Oct 19, 2024

Every month, you plan to save CAD 2 0 0 for retirement. You expect to earn 7 % return monthly compounding from the retirement account,

Every month, you plan to save CAD

200

for retirement. You expect to earn

7 %

return monthly compounding from the retirement account, and you intend to keep saving for next

10

years.

How much money will you have in your retirement account after

10

years?

Please enter your answer in absolute number rounded to

2

decimal places.

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