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Suppose that you contribute $700 per month to your RRSP. Rounding up to the nearest month, how much longer will it take for the RRSP's
Suppose that you contribute $700 per month to your RRSP. Rounding up to the nearest
month, how much longer will it take for the RRSP's value to reach $400,000 if it earns 4.5%
compounded quarterly than if it earns 4.5% compounded annually? Round the time required in
each case to the next higher month.
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