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To save for their retirement in 25 years in the future, a couple plan to make equal payments into a Registered Retirement Saving Plan (RRSP)
To save for their retirement in 25 years in the future, a couple plan to make equal payments into a Registered Retirement Saving Plan (RRSP) in a balanced mutual fund.How much would they have 25 years in their RRSP account based on the following scenarios?
1# Biweekly payments of $125 (assuming 5 percent compounded biweekly)?
2# Monthly payment of $300 (assuming 4.5 percent compounded monthly)?
3# Annual payments of $4,200 (assuming 5.5 percent compounded annually)?
4# Weekly payments of $65 (assuming 7 percent compounded weekly)?
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