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Suppose Rex plans to retire in 20 years and wants to invest money for his retirement. He is able to save $ 15,000 every year

Suppose Rex plans to retire in 20 years and wants to invest money for his retirement. He is able to save $ 15,000 every year and puts half of that in a retirement RRSP account and other half into his house payments. The RRSP account offers a fixed return of 3.6% per year. How much money would Rex have in his RRSP account upon retirement? (Choose the answer closest to your calculations) Question 2 options

: $261,900 $310,800 $155,400 $214,300

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