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Dr Krawchuk Made Deposits of $2,000 to His RRSP at the End

Question 21

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Dr. Krawchuk made deposits of $2,000 to his RRSP at the end of each calendar quarter for 6 years. He then left general practice for specialist training and did not make further contributions for 2½ years. What amount was in his RRSP at the end of this period if the plan earned 5% compounded quarterly over the entire 8½ years?

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