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Sophie deposits $1,600 at the end of every 3 months in an RRSP that is earning 6.60% compounded semi-annually. For the RRSP to accumulate to

Sophie deposits $1,600 at the end of every 3 months in an RRSP that is earning 6.60% compounded semi-annually. For the RRSP to accumulate to $40,000, calculate the following: a. How many deposits will she have to make? Round up to the next whole number b. How long will she have to make these deposits

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