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Haatim opened an RRSP deposit account on December 1, 2008, with a deposit of $1100. He added $1100 on September 1, 2010, and $1100 on May 1, 2012. How much is in his account on September 1, 2016, if the deposit earns 8.4% p.a. compounded monthly?.

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Haatim opened an RRSP deposit account on December 1, 2008, with a deposit of $1100. He added $1100 on September 1, 2010, and $1100 on May 1, 2012. How much is in his account on September 1, 2016, if the deposit earns 8.4% p.a. compounded monthly?

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  • 1. Haatim opened an RRSP deposit account on December 1, 2008, with a deposit of $1100. He added $1100 on September 1, 2010, and $1100 on May 1, 2012. How much is in his account on September 1, 2016, if the deposit earns 8.4% p.a. compounded monthly?