Carolina is 44 years of age and has $22,000 in her RRSP. She will be putting $15,500 into her plan at the end of each year until age 65. She is expecting to earn a 7% annual rate of return on her investments inside her RRSP. Approximately how much money will Carolina have in her RRSP when she retires at age 65?
Question 11 options:
$370,066
$835,181
$786,503
$604,318