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Stephanie intends to contribute $ 2 , 5 0 0 to her RRSP at the beginning of every six months, starting today. If the RRSP

Stephanie intends to contribute $

2, 500

to her RRSP at the beginning of every six months, starting today. If the RRSP earns

8 %

compounded semi

-

annually for the first seven years and

7 %

compounded semi

-

annually thereafter, what amount will she have in the plan after

20

years?

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