Gabe opened an RRSP deposit account on December 1, 2008, with a deposit of $2000. He added $2000 on August 1, 2010, and $2000 on February 1, 2012. How much is in his account on September 1, 2016, if...


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Gabe opened an RRSP deposit account on December 1, 2008, with a deposit of $2000. He added $2000 on August 1, 2010, and $2000 on February 1, 2012. How much is in his account on September 1, 2016, if the deposit earns 8.4% p.a. compounded monthly?<br>The amount in the account is $<br>(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)<br>

Extracted text: Gabe opened an RRSP deposit account on December 1, 2008, with a deposit of $2000. He added $2000 on August 1, 2010, and $2000 on February 1, 2012. How much is in his account on September 1, 2016, if the deposit earns 8.4% p.a. compounded monthly? The amount in the account is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Jun 07, 2022
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