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    Contemporary Business Mathematics Study Set 1
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    Exam 12: Ordinary General Annuities
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    How Much Must Be Contributed into an RRSP at the End
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How Much Must Be Contributed into an RRSP at the End

Question 41

Question 41

Essay

How much must be contributed into an RRSP at the end of each year for 37 years to accumulate to $213 000.00 if interest is 8.04% compounded quarterly?

Correct Answer:

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blured image = 213000, i = 0.080...

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