Filomena invested $18,000 into her RRSP account 5 years ago.  The average return she has received over this period is 4.25%.  Her marginal tax rate is 35% and her average tax rate is 20%.  What is the value of the RRSP account today?  She has not made any contributions or withdrawals. Round to the nearest dollar.

Answer rating: 100% (QA)

SOLUTION To calculate the value of Filomenas RRSP account today we can use the formula for compound ... View the full answer