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In detail show and explain all steps A gentleman invests in an RRSP account earning 10% per year based on quarterly compounding by making monthly

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In detail show and explain all steps

A gentleman invests in an RRSP account earning 10% per year based on quarterly compounding by making monthly deposits of $500 each. What will be the balance of the RRSP account in 10 years? (a) $101,908; (b) $367,163 (c) $95,625 (d) $102,42:2

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