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Romeo Started an RRSP on March 1, 2016, with a Deposit

Question 20

Multiple Choice

Romeo started an RRSP on March 1, 2016, with a deposit of $35 000.00. She added $19 000.00 on December 1, 2017, and $8500.00 on September 1, 2018. What is the accumulated value of her account on December 1, 2020, if interest is 6.6% compounded monthly?


A) $39272.78
B) $41260.10
C) $47846.07
D) $70993.80
E) $80850.58

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