Many people make their annual RRSP contribution for a taxation year close to the end of the year. Financial advisors encourage clients to contribute as early in the year as possible. How much more will there be in an RRSP at the end of 25 years if annual contributions of $5000 are made at the beginning of each year instead of at the end? Assume that the RRSP will earn

a. 3.6% compounded annually.

b. 3.6% compounded monthly.