Rebecca is trying to decide if she should make regular month-end $100 deposits to her TFSA or

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Rebecca is trying to decide if she should make regular month-end $100 deposits to her TFSA or deposit $300 at the end of every three months instead. How much larger is the option with the higher future value after 20 years if both investments earn 4.25% compounded annually?

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Business Mathematics In Canada

ISBN: 9781260065992

10th Edition

Authors: F. Ernest Jerome, Tracy Worswick

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