Question: Toby has opened an RRSP account by making an initial deposit of $1200. She intends to make quarterly deposits for 20 years, increasing at a

Toby has opened an RRSP account by making an initial deposit of $1200. She intends to make quarterly deposits for 20 years, increasing at a constant rate of 1.5%. How much of the accumulated value just after the last deposit was made is interest if interest is 7% compounded quarterly?

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