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Mr. Nowak has contributed $106.00 at the end of each month into an RRSP paying 3% per annum compounded annually 1) How much will Mr.

Mr.

Nowak

has contributed

$106.00

at the end of each

month

into an RRSP paying

3%

per annum compounded annually

1)

How much will Mr.

Nowak

have in the RRSP after

15

years?

2) How much of the above amount is interest?

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