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Leona contributed $3000 to her RRSP on every birthday from age 21 to age 30 inclusive. She stopped employment to raise a family and made
Leona contributed $3000 to her RRSP on every birthday from age 21 to age 30 inclusive. She stopped employment to raise a family and made no further contributions. Her husband, John, started to make annual contributions of $3000 to his RRSP on his thirty-first birthday and plans to continue up to and including his sixty-fifth birthday. Assuming that both plans earn 8% compounded annually over the years, calculate and compare the amounts in their RRSPs at age 65. (Round your answers to the nearest dollar.) Leona's RRSP John's RRSP Leona's RRSP will have $ (Click to select) than John's RRSP at age 65
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