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Patty started the year with $14,000 in her RRSP. On February 14, Patty made a $3,000 contribution to her RRSP. Her RRSPs earn 6% a
Patty started the year with $14,000 in her RRSP. On February 14, Patty made a $3,000 contribution to her RRSP. Her RRSPs earn 6% a year compounded monthly. On April 15, she withdrew $15,000 through the HBP. What effect, if any, does the withdrawal have on her RRSP tax deduction? Hint: Note that the RRSP earns 6% compounded monthly
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Health Care Finance Basic Tools For Nonfinancial Managers
Authors: Judith J. Baker, R.W. Baker, Neil R. Dworkin
5th Edition
1284118215, 978-1284118216
