Question: Anna is 45 years old and has always contributed the maximum to her Tax-Free Savings Account (TFSA) on each January 1 st since the program
Anna is 45 years old and has always contributed the maximum to her Tax-Free Savings Account (TFSA) on each January 1st since the program started in 1999. As of January 1, 2023, she has contributed a total of $88,000 which includes the latest contribution of $6,500, for a total market value of $234,590!
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Answer I To calculate the future value of Loris TFSA contributions we can use the formula for compou... View full answer
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