You plan to make 25 annual deposits into your RRSP starting with $500 and increasing thereafter by

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You plan to make 25 annual deposits into your RRSP starting with $500 and increasing thereafter by 3%.
(a) What will be the size of the 25th deposit?
(b) What will be the total amount deposited?
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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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