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Jimmette is currently 21 and is starting an RRSP. Suppose that Jimmette contributes $62 at the end of each month for the next 44 years
Jimmette is currently 21 and is starting an RRSP. Suppose that Jimmette contributes $62 at the end of each month for the next 44 years until she is 65. If interest is 3.77% compounded monthly, then how much will Jimette have in the RRSP when she retires at 65? Give your answer rounded to the nearest cent.
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