Jack is 25 years old. He has deposited $1,000 into an RRSP fund, and plans to deposit $1,000 plus an additional 5% each year until he retires at age sixty-five. How much will Jack have in his RRSP account when he retires if money earns 4.75% compounded annually?

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The Answer of Jack is 25 years old. He has deposited $1,000 into an RRSP fund, and plans to deposit $1,000 plus an additional 5% each year until he retires at age sixty-five. How much will Jack have in his RRSP account when he retires if money earns 4.75% compounded annually?

Jack Is 25 Years Old