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Posted on Jul 27, 2024

You plan on making a cash payment of $ 6 , 0 0 0 per year for 2 0 years in your RRSP . Considering

You plan on making a cash payment of $

6, 000

per year for

20

years in your RRSP

.

Considering that this CF will grow by

3 %

per year, and for a given

8 %

discount rate, how much will you have in your retirement account in

20

years?

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