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Jerry received an emplyment bonus in the amount of $ 6 8 , 0 0 0 . 0 0 , which he immediately deposited into

Jerry received an emplyment bonus in the amount of $68,000.00, which he immediately deposited into his RRSP. Jerry leaves his money for 6 years. How much will his bonus grow to after 6 years if he earns 8.5% compounded semi-annually? Question 1 options: $112,053 $113,036 none is correct. $110,939 $68,000

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