# Fay contributed $3000 per year to her RRSP on every birthday from age 21 to 30 inclusive.

## Question:

What will be the amount in an RRSP after 25 years if contributions of $2000 are made at the beginning of each year for the first 10 years, and contributions of $4000 are made at the beginning of each year for the subsequent 15 years? Assume that the RRSP will earn 8% compounded quarterly.

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