Multiple Choice
An individual in the 36% tax bracket has $20,000 invested in a RSP. If the individual earns 10% annually before taxes and inflation is 3.0% per year, what is the real value of the investment in 10 years?
A) $31,000
B) $33,200
C) $38,614
D) $39,343
E) $47,823
Correct Answer:
Verified
Correct Answer:
Verified
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