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Read Carefully Mr. and Mrs. Fox have each contributed $2000.00 per year for the last 14 years into RRSP accounts earning
Posted: Tue Sep 07, 2021 7:37 am
by answerhappygod
- Read Carefully Mr And Mrs Fox Have Each Contributed 2000 00 Per Year For The Last 14 Years Into Rrsp Accounts Earning 1 (13.45 KiB) Viewed 69 times
Read Carefully Mr. and Mrs. Fox have each contributed $2000.00 per year for the last 14 years into RRSP accounts earning 7.23% compounded annually. Suppose they leave their accumulated contributions for another five years in the RRSP at the same rate of interest a) How much will Mr. and Mrs. Fox have in total in their RRSP accounts? b) How much did they contribute? Include all the steps.