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How much will monica have in her retirement account

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Reference no: EM133127438

Question - Monica is planning to contribute $200 at the start of the month with immediate effect to her RRSP account. Her employer will also share the burden and contribute an additional 50 percent of the amount Monica contributes. If both Monica and her employer continue to make the required contributions making her earn a monthly rate of 0.75 percent, how much will Monica have in her retirement account 40 years from today?

Reference no: EM133127438

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