Question: Mini - Case E: ( 1 mark ) Today, January 1 , 2 0 2 5 , Leila is 4 5 years old and has

Mini-Case E: (1 mark) Today, January 1,2025, Leila is 45 years old and has just inherited a significant sum of money. She has never contributed to her Tax-Free Savings Account (TFSA) and wants to maximize her contribution today, including all available carryforward room. Moving forward, she plans to contribute the maximum annual amount of $7,000 at the beginning of each year on January 1st. Assume the TFSA annual limit remains at $7,000 until she turns 65. She expects to earn 7% interest, compounded weekly. How much will her TFSA be worth in 20 years? See Table C. table c indicates tfsa dollar limits and cumulative tools: 2009-2012; 5,000,20,000,2013-2013; 5,500,31,000,2015: 10,000,41,000,2016-2018; 5,500,57,500,2019-2022; 6,000,81,500,2023; 6,500,88,000,2024; 7,00,95,000,2025 estimated: 7,000,102,000

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