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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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