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Randall Wants to Accumulate $750,000 in His RRSP by the End

Question 97

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Randall wants to accumulate $750,000 in his RRSP by the end of his 30-year working career. What should be his initial year-end contribution if he intends to increase the contribution by 3% every year and the RRSP earns 5.25% compounded annually?

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