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Maureen will make her contribution of $ 2 7 5 to an RRSP at the beginning of each quarter. Over the long run, she expects

Maureen will make her contribution of $

275

to an RRSP at the beginning of each quarter. Over the long run, she expects to earn

5.34 %

per annum but it is compounded monthly. How long will it take for the contributions and accrue interest to reach $

170, 000

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