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4. Juan deposits $1,800 at the end of every 3 months in an RRSP that is earning 6.60% compounded semi-annually. For the RRSP to accumulate

4. Juan deposits $1,800 at the end of every 3 months in an RRSP that is earning 6.60% compounded semi-annually. For the RRSP to accumulate to $33,000, calculate the following:

a. How many deposits will he have to make?

Round up to the next whole number

b. How long will he have to make these deposits?

years

months

Express the answer in years and months, rounded to the next payment period

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