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What will account be worth when retire in forty-five years

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You have just made your first $5,100 contribution to your registered retirement saving plan (RRSP). Assuming you earn an 10% rate of return and make no additional contributions.

Problem 1: What will your account be worth when you retire in 45 years?

Problem 2: What if you wait ten years before contributing?

Reference no: EM132829391

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