Someone in the 15% Tax Bracket Can Earn 8% Annually

question 2

Multiple Choice

Someone in the 15% tax bracket can earn 8% annually on his investments in a taxable RRSP account. What will be the after-tax value of his $10,000 investment after 5 years (assuming annual compounding) ?

• A) $10,680
• B) $11,765
• C) $13,895
• D) $14,693
• E) $15,528

Apply correct usage of proofreading symbols and techniques for error correction.

Recognize and use different types of indents and their applications in paragraph formatting.

Evaluate sources for credibility and relevance in research.

Understand the purpose and structure of various citation formats.