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Lucy made equal deposit at the beginning of every 3 months in to an RRSP

Math Apr 08, 2022

Lucy made equal deposit at the beginning of every 3 months in to an RRSP. At the end of 9 years, the fund had an accumulated value of $40,000. If the RRSP was earning 3.50% compounded monthly, what was the size of the quarterly deposits.

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