maths

Mr. and Mrs. Fox have each contributed $1825.00 per year for the last eight years into RRSP accounts earning 6.93% compounded annually. Suppose they leave their accumulated contributions for another five years in the RRSP at the same rate of interest.

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  1. 1825 * (1.0693^8-1)/(1.0693-1) * 1.0693^5

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