Multiple Choice
Someone in the 15% tax bracket can earn 8% annually on his investments in a taxable RRSP account. What will be the after-tax value of his $10,000 investment after 5 years (assuming annual compounding) ?
A) $10,680
B) $11,765
C) $13,895
D) $14,693
E) $15,528
Correct Answer:
Verified
Correct Answer:
Verified
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