Philip just won $100,000 in the lottery! With this money he would like to invest it wisely

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Philip just won $100,000 in the lottery! With this money he would like to invest it wisely and put as much as he can in a Tax-Free Savings Account (TFSA). Calculate Philip's maximum amount that he can contribute to his TFSA assuming the following:

• We are April 20, 2022

• Philip is 60 years old and just retired

• Philip contributed $4,000 to his TFSA in 2022

Related Book For answer-question

Personal Finance Turning Money into Wealth

ISBN: 978-0134730363

8th edition

Authors: Arthur J. Keown

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Posted Date: Jul 15, 2023 03:18 AM

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Philip just won $100,000 in the lottery! With this money he would like to invest it wisely

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To calculate Philips maximum contribution to his TFSA we need to consider his age the current year a... View the full answer

Personal Finance Turning Money into Wealth

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