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Mr. Nowak has contributed $206.00 at the end of each three months into an RRSP paying 5% per annum compounded annually. How much will Mr.

Mr.

Nowak

has contributed

$206.00

at the end of each

three months

into an RRSP paying

5%

per annum compounded annually.

How much will Mr.

Nowak

have in the RRSP after

18

years?

$nothing

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

How much of the above amount is interest?

$nothing

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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