Dr Krawchuk made deposits of $2000 to his RRSP at the end of each calendar quarter for six years, adding to the $12,890 he had already accumulated

Finance Nov 20, 2020

Dr Krawchuk made deposits of $2000 to his RRSP at the end of each calendar quarter for six years, adding to the $12,890 he had already accumulated. He then left general practice for specialist training and did not make further contributions for 2½ years. What amount was in his RRSP at the end of this period, if the plan earned 10% compounded quarterly over the entire 8½ years?

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