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Toby has opened an RRSP account by making an initial deposit of $1200. She intends to make quarterly deposits for 20 years, increasing at a

Toby has opened an RRSP account by making an initial deposit of $1200. She intends to make quarterly deposits for 20 years, increasing at a constant rate of 1.5%. How much of the accumulated value just after the last deposit was made if interest is 7% compounded quarterly?

The answer at the end of textbook is $ 160296.97

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