Question: Part A (6 marks) How much larger will the value of an RRSP be at the end of 20 years if the contributor makes month-end

Part A (6 marks)

How much larger will the value of an RRSP be at the end of 20 years if the contributor makes month-end contributions of $500 instead of year-end contributions of $6,000? In both cases the RRSP earns 4.5% compounded semi-annually.

Part B ( 4 marks )

Below is a list of costs. Classify each of them as variable, fixed, or mixed (a combination of variable and fixed components.) a) Cost of raw materials used in producing a firm's products. b) Property taxes. c) Wages of sales staff paid on a salary plus commission basis. d) Wages of hourly paid production-line workers. e) Site licence for software. f) Leasing costs for a delivery truck ($600 per month plus $0.40 per km.) g) Packaging materials for products. h) Insurance.

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