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An Individual in the 15% Tax Bracket Has $10,000 Invested

Question 33

Multiple Choice

An individual in the 15% tax bracket has $10,000 invested in a RRSP account. If the individual earns 8% annually before taxes and inflation is 2.5% per year, what is the real value of the investment in 20 years?


A) $23,211
B) $28,467
C) $29,178
D) $37,276
E) $46,610

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