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How much money with Midori have

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Question - Midori plans to save $6,000 a year for the next 6 years to put into her RRSP. She will place the funds into the account at the beginning of every year in a highly diversified mutual fund portfolio which offers a nominal rate of return of 6% per year. Inflation is expected to be 5% per year over the next six years. How much money with Midori have, in real dollars, at the end of six years?

Reference no: EM133019972

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