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[Solved]: Bill contributed $2,000 per year for the past ten
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(Solved): Bill contributed $2,000 per year for the past ten years into an RRSP account earning 3.8% compounded ...



Bill contributed $2,000 per year for the past ten years into an RRSP account earning 3.8% compounded annually. After ten years he leaves the accumulated contributions for another five years at the same rate of interest.a. How much will Bill have in his RRSP account after 15 years?b. How much interest will the account earn?



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