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How much more will you have in your RRSP at age 6 5 if you begin annual $ 1 0 0 0 contributions to your

How much more will you have in your RRSP at age

65

if you begin annual $

1000

contributions to your plan on your

26

th birthday instead of on your

27

th birthday? Assume that the RRSP earns

8 %

compounded annually, and that the last contribution is on your

65

th birthday.

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