Nancy is celebrating her 2 5 th birthday and she has accumulated 1 2 , 0 0
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Question:
Nancy is celebrating her th birthday and she has accumulated in her RRSP account. Her goal is to reach million with equal contribution to her RRSP account every year till celebrating her th birthday. If the interest rate is compounded annually and her contribution starts today, find the size of her contributions each year, assuming she will make no contribution in the year of her th birthday. $
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