What total amount will have in the plan five years from now

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Charlene has made contributions of $4,800 to her RRSP at the end of every half year for the past seven years. The plan has earned 10.8% compounded semiannually. She has just moved the funds to another plan earning 9.3% compounded quarterly, and will now contribute $3,800 at the end of every three months.

Problem 1: What total amount will she have in the plan five years from now?

Reference no: EM132917570

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