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Nick Nurse would like to have $ 5 0 0 , 0 0 0 saved in his registered retirement savings plan ( RRSP ) in

Nick Nurse would like to have $500,000 saved in his registered retirement savings plan (RRSP) in 30 years when he expects to retire. He thinks he can earn an annual interest rate of 10% on his savings, compounded annually. To achieve this retirement goal, how much money does Nick have to contribute at the end of each month? Approximately $2182 Approximately $2000 Approximately $3039Approximately $1,956

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