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Jacqueline, age 22, has decided to contribute 10 percent of her after-tax income, or $250...

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Accounting

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Jacqueline, age 22, has decided to contribute 10 percent of her after-tax income, or $250 per month to an RRSP. She will invest in a growth portfolio and projects that her average rate of return will be 7 percent per year, compounded annually. How much money will she have accumulated by age 65 , rounded to the nearest dollar? A. $458,944 B. $729,453 C. $846,298 D. $766,887

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