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Ricky and Sharon married at age 22, started a family, and bought a house. At age 30, they began making an annual contribution of
Ricky and Sharon married at age 22, started a family, and bought a house. At age 30, they began making an annual contribution of $4000 to an RRSP. They contin- ued to make these contributions until age 60. If the average return on their investment was 8 percent, compounded monthly, how much was in their RRSP at age 60? What was their total investment?
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Personal Finance
Authors: Jeff Madura
5th edition
132994348, 978-0132994347
