Question: Saba gets a year - end bonus in December every year before Christmas. She plans to invest $ 1 0 0 0 from the bonus

Saba gets a year-end bonus in December every year before Christmas. She plans to invest $1000 from the bonus at the end of every year into mutual funds RRSP, which are expected to grow at the rate of 8% compounded semi-annually. What will be the total value of her periodic investments after 25 years?

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