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Peter receives a year-end bonus in December every year before the Christmas. He plans to invest $1,500 from the bonus at the end of every

Peter receives a year-end bonus in December every year before the Christmas. He plans to invest $1,500 from the bonus at the end of every year into mutual funds RRSP, which are expected to grow at the rate of 8% compounded semi-annually. What will be the total value of his periodic investments after 25 years?

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