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Ginny has already accumulated $7,500 in her RRSP. If she contributes $1,000 at the end of every six months for the next 5 years, and
Ginny has already accumulated $7,500 in her RRSP. If she contributes $1,000 at the end of every six months for the next 5 years, and $200 at the end of each month for the subsequent 7 years, what amount will she have in her RRSP at the end of the 12 years? Assume that her investment will earn 2% compounded semiannually for the first 5 years, and 2.5% compounded monthly for the subsequent 7 years. Round to two places after the decimal. 1/Y P/Y c/Y N PV PMT FV 1/Y Ply c/Y N PV PMT FV At the end of the 12 years, Ginny will have $ | in her RRSP. Please provide in the space below any formulas used and calculations for the question above (or submit separate handwritten calculations): Ginny has already accumulated $7,500 in her RRSP. If she contributes $1,000 at the end of every six months for the next 5 years, and $200 at the end of each month for the subsequent 7 years, what amount will she have in her RRSP at the end of the 12 years? Assume that her investment will earn 2% compounded semiannually for the first 5 years, and 2.5% compounded monthly for the subsequent 7 years. Round to two places after the decimal. 1/Y P/Y c/Y N PV PMT FV 1/Y Ply c/Y N PV PMT FV At the end of the 12 years, Ginny will have $ | in her RRSP. Please provide in the space below any formulas used and calculations for the question above (or submit separate handwritten calculations)
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