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Mr. Merkel has contributed $100.00 at the end of each three months into an RRSP paying 3% per annum compounded annually. How much will

Mr. Merkel has contributed $100.00 at the end of each three months into an RRSP paying 3% per annum compounded annually. How much will Mr. Merkel have in the RRSP after 20 years? $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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