Mathematics, 02.03.2020 07:15 samafeggins2

1) Mr. Hughes has contributed
$4000.00 per year for the last ten
years into a RRSP account earning
9.00% compounded annually.
Suppose he leaves the accumulated
contributions for another five years
in the RRSP at the same rate of
interest.
a) How much will Mr. Hughes have
in total in his RRSP account?
b) How much did Mr. hughes
contribute?
c) How much will be interest?

Answers: 2

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1) Mr. Hughes has contributed
$4000.00 per year for the last ten
years into a RRSP accou...

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