Question: Lori 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

Lori is 45 years old and has always contributed the maximum

Lori 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 ! If Lori continues to contribute $6,500 each January 1st until her retirement in 20 years, how much will she have in her TFSA where she expects to earn 6% compounded weekly? Assume that we are January 1, 2023, and that TFSA contributions continue on each January 1 st at $6,500 until Lori's retirement. Lori 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 ! If Lori continues to contribute $6,500 each January 1st until her retirement in 20 years, how much will she have in her TFSA where she expects to earn 6% compounded weekly? Assume that we are January 1, 2023, and that TFSA contributions continue on each January 1 st at $6,500 until Lori's retirement

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