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Younds 12. June wishes to plan for her retirement and decides to invest 1000 dollars a year into an RRSP starting at age 18 until
Younds 12. June wishes to plan for her retirement and decides to invest 1000 dollars a year into an RRSP starting at age 18 until age 30. After age 30, she no longer contributes any money but leaves in her RRSP until age 65. Jas on the other hand, contributes 1500 dollars a year from age 35 to age 65 in the same RRSP investment. Assuming that the interest rate was fixed at 8.5% compounded annually, a) how much did each contribute to the RRSP? June 12000 Jas: 45000 b) how much would each have at age 65? June. 339758 Jas; 186 322,09
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