Math Problem Statement
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?
Solution
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Math Problem Analysis
Mathematical Concepts
Finance
Compound Interest
Annuities
Formulas
Future value of an annuity formula
Theorems
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Suitable Grade Level
College
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