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(Solved): Kyle contributed $750 at the end of every 3 months into an RRSP fund earning 3.36% compounded quarte ...



Kyle contributed $750 at the end of every 3 months into an RRSP fund earning 3.36% compounded quarterly for 12 years.
a. What is the future value of the fund at the end of 12 years?
Round to the nearest cent
b. What is the amount of interest earned over this period?


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a) Recall that the formula for the future value formula for ordinary annuit
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