How much will she have in her tfsa where she expects

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Reference no: EM133430396

Question: Anna is 45 years old and has always contributed the maximum to her Tax-Free Savings Account (TFSA) on each January 1st since the program started in 1999. As of January 1, 2023, she has contributed a total of $88,000 which includes the latest contribution of $6,500, for a total market value of $234,590! If Anna continues to contribute $6,500 each January 1st until her retirement in 20 years, how much will she have in her TFSA where she expects to earn 6% compounded weekly? Assume that we are January 1, 2023, and that TFSA contributions continue on each January 1st at $6,500 until Anna's retirement.

Reference no: EM133430396

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