Multiple Choice
Bill plans to fund his registered retirement savings plan (RRSP) with a contribution of $2,000 at the end of each year for the next 20 years. If Bill can earn 12 percent on his contributions, how much will he have at the end of the twentieth year?
A) $19,292
B) $14,938
C) $144,105
D) $40,000
Correct Answer:
Verified
Correct Answer:
Verified
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