Mick contributed $5000 at the beginning of each year for 25 years to his RRSP. Assume that the RRSP earned 8% compounded annually. What percentage of the RRSP's value after 25 years comes from contributions made in the first five years?

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The Answer of Mick contributed $5000 at the beginning of each year for 25 years to his RRSP. Assume that the RRSP earned 8% compounded annually. What percentage of the RRSP's value after 25 years comes from contributions made in the first five years?

Mick Contributed $5000 at the Beginning of Each Year for 25