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Karen Started a Registered Retirement Savings Plan on February 1

Question 24

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Karen started a registered retirement savings plan on February 1, 2000, with a deposit of $2210. She added $2000 on February 1, 2001, and $1475 on February 1, 2004. What is the accumulated value of her RRSP account on August 1, 2005, if interest is 10.44% compounded quarterly?

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Balance on Feb. 1, 2001 blured image = 2210.00(1.026...

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