Calculation Of Better Investment Options For RRSP

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Question

What is the better investment and by how much: putting $300 a month into an RRSP that pays 6% compounded monthly or putting $3600 at the end of each year into an RRSP that pay 8% compounded annually?

Summary

The question belongs to Mathematics and it is about calculating the difference between investing in an RRSP which pays 6% compounded monthly or an RRSP that pays 8% compounded annually.

Total Word Count 62

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