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To start saving for retirement, Robert opens an RRSP that earns interest at a rate of 4.3% compounded quarterly. Robert makes deposits of $480 at
To start saving for retirement, Robert opens an RRSP that earns interest at a rate of 4.3% compounded quarterly. Robert makes deposits of $480 at the end of every quarter for nine years. At the end of the nine years, Robert switches his deposits to $220 at the end of every month for 16 years. a. How much money does Robert have in this RRSP at the end of the 25 years? Round to the nearest cent b. How much interest did Robert's RRSP earn? Round to the nearest cent
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