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An Individual in the 36% Tax Bracket Invests $5,000 in a RRSP

Question 60

Multiple Choice

An individual in the 36% tax bracket invests $5,000 in a RRSP. If the investment earns 10% annually, what will be the value of the RRSP after five years?


A) $6,600
B) $8,053
C) $7,500
D) $6,818
E) $10,879

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