Sparky Will Invest $7,500 into His RRSP at the End

question 91

Multiple Choice

Sparky will invest $7,500 into his RRSP at the end of each year for 30 years. How much more money will he have in 30 years if he is able to earn 13% compounded annually rather than 11% compounded annually?

• A) $149,266
• B) $219,899
• C) $304,261
• D) $589,114
• E) $706,338