Compute how long will it take an RRSP to grow to $660,000 if it receives a contribution of $3,100 at the beginning of each quarter and it earns (Do not round intermediate calculations and round up the number of payments, n, to the next whole number ) a 3 6 compounded quarterly quarterly contributions b 6 8 compounded quarterly quarterly contributions c 9 1 compounded quarterly quarterly contributions d 9 8 compounded quarterly quarterly contributions

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Question: Compute how long will it take an RRSP to grow to $660,000 if it receives a contribution of $3,100 at the beginning of each quarter

Compute how long will it take an RRSP to grow to $660,000 if it receives a contribution of $3,100 at the beginning of each quarter and it earns: (Do not round intermediate calculations and round up the number of payments, n, to the next whole number.)

a.	3.6% compounded quarterly	___ quarterly contributions
b.	6.8% compounded quarterly	____quarterly contributions
c.	9.1% compounded quarterly	____quarterly contributions
d.	9.8% compounded quarterly	_____ quarterly contributions

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