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Kate has planned top invest 12000 per year at the start of the year in a Mutual fund earning 9% rate of return per year

Kate has planned top invest 12000 per year at the start of the year in a Mutual fund earning 9% rate of return per year for he retirement that is 30 years away . How much will she accumulate on her retirement .

options:

1.635 million

1.782 million

1.8 million

1.5 million

Interest rates are expected to move up , which GIC would john prefer buying

options:

10 year GIC

1 year GIC

5 year GIC

6 months GIC

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