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How much more will you have in your RRSP 25 years from now, assume that the RRSP earns 7% compounded annually and you make fixed
How much more will you have in your RRSP 25 years from now, assume that the RRSP earns 7% compounded annually and you make fixed contributions of $5000 at the end of each year for the next 18 years 1 B I iii III QO c? Step1: FV = PMT(1-(1+p) ^mt)/p step2:c/y = 1 p/y = 1 r = 7% PMT = $5000 PV = 0 n= 25 FV = ? Step3: FV = $316245.1886 age=3# lp giu um w NH 3
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