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How Much More Will You Have in Your RRSP 30

Question 170

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How much more will you have in your RRSP 30 years from now if you make fixed contributions of $3,000 at the end of each of the next 30 years, instead of waiting 15 years and making annual contributions that are twice as large for half as many years? Assume that the RRSP earns 8% compounded annually.

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