Chantal will make year-end contributions for 30 years to an RRSP earning 8% compounded annually.
a) How much will she have after 30 years if the annual contribution is $2,000?
b) How much more will she have after 30 years if she increases the contributions by 2% every year?

Question

Quizplus · Accepted Answer

The Answer of Chantal will make year-end contributions for 30 years to an RRSP earning 8% compounded annually.
a) How much will she have after 30 years if the annual contribution is $2,000?
b) How much more will she have after 30 years if she increases the contributions by 2% every year?

Chantal Will Make Year-End Contributions for 30 Years to an RRSP