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34.Monica intends to make RRSP contributions on February 28 of each year. She plans to contribute $3000 in the first year and increase the contribution
34.Monica intends to make RRSP contributions on February 28 of each year. She plans to contribute $3000 in the first year and increase the contribution by 3% every year thereafter.
- Rounded to the nearest dollar, how much will she have in her RRSP at the time of her 30th contribution if the plan earns 8% compounded annually?
- What will be the amount of her last contribution?
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