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Posted on May 18, 2024

One month from now, Kelly will make her first monthly contribution of $ 2 5 0 to a Tax - Free Savings Account ( TFSA

One month from now, Kelly will make her first monthly contribution of $

250

to a Tax

-

Free Savings Account

(

TFSA

) .

She expects to earn

8 %

compounded annually. How long will it take for the contributions and accrued earnings to reach $

75, 000 ?

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