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Marcus made equal deposits at the beginning of every 3 months into an RRSP . At the end of 9 years, the fund had an

Marcus made equal deposits at the beginning of every

3

months into an RRSP

.

At the end of

9

years, the fund had an accumulated value of $

40, 000 .

If the RRSP was earning

3.25 %

compounded monthly, what was the size of the quarterly deposits?

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