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Mrs. Nash has determined that she can save at least $5 per day by quitting smoking and cutting out one cup of coffee or one
Mrs. Nash has determined that she can save at least $5 per day by quitting smoking and cutting out one cup of coffee or one can of pop per day. Therefore, she has decided to make contributions of $150 to her Retirement Savings Plan (RSP) at the end of each month. She anticipates that her RSP will earn 13.2% compounded monthly. She is 25 years old now How much money will be in her RSP when she is 55 years of age? 823668.37 887093.35 686390.31 739244.46
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