Jawad Makes Semi-Annual Contributions of $2000 Starting on His 27th

question 87

Multiple Choice

Jawad makes semi-annual contributions of $2000 starting on his 27th birthday. How much will he accumulate in his RRSP by age 60, if RRSP earns 8% compounded semi-annually and no contribution is made on his sixtieth birthday?

• A) $615 535
• B) $640 156
• C) $565 324
• D) $587 937
• E) $669 842

---

Definitions:

Environmental Influences

External factors such as culture, weather, and pollution that impact an individual's behavior, development, and health.

Neglected Children

Neglected children are those who do not receive adequate care, supervision, nutrition, medical care, education, or emotional nurturing from their caregivers.

Intellectual Development

The growth and change in a person's ability to think, reason, and understand complex concepts and ideas over time.

Emotional Uncertainty

Emotional uncertainty refers to feelings of indecision or doubt regarding one's own emotions, often experienced in complex emotional or relational contexts.