Ryder invested $1000 at the beginning of every three months into his RRSP account from age 35 to 45 and left the money to grow until his retirement at the age of 65. Mayur invested $1000 at the beginning of every three months into a similar RRSP account from age 45 until his retirement at the age of 65. Assuming money earns 5.8% compounded annually in both RRSP accounts, calculate who had the greater accumulated value, and by how much, when they retired.

AppendixLO1