Year-end contributions to an RRSP start at $1,200 and increase each year by 4% thereafter. What amount will be in the RRSP account after 20 years if money earns 5% compounded annually?

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The Answer of Year-end contributions to an RRSP start at $1,200 and increase each year by 4% thereafter. What amount will be in the RRSP account after 20 years if money earns 5% compounded annually?

Year-End Contributions to an RRSP Start at $1,200 and Increase