Olivia plans to have $1 000 000 in her RRSP at her retirement at the age...
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Olivia plans to have $1 000 000 in her RRSP at her retirement at the age of 60. How long will it take her to accumulate $1.000 000 in an RRSP if the first quarterly contribution of $2000 is made today and RRSP is expected to earn 8% compounded quarterly? Select one: OA. 28 years 9 months O B. 29 years O C. 30 years 6 months O D. 30 years and 3 months OE. 47 years and 3 months Olivia plans to have $1 000 000 in her RRSP at her retirement at the age of 60. How long will it take her to accumulate $1.000 000 in an RRSP if the first quarterly contribution of $2000 is made today and RRSP is expected to earn 8% compounded quarterly? Select one: OA. 28 years 9 months O B. 29 years O C. 30 years 6 months O D. 30 years and 3 months OE. 47 years and 3 months
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