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Chantal will make year-end contributions for 30 years to an RRSP earning 6.0% compounded annually. (Do not round the intermediate calculations. Round your answersto two
Chantal will make year-end contributions for 30 years to an RRSP earning 6.0% compounded annually.(Do not round the intermediate calculations. Round your answersto two decimal places.)
a.How much will she have after 30 years if the annual contribution is $3000?
Chantal will have $______after 30 years.
b.How much more will she have after 30 years if she increases the contributions by 3.0% every year?
Chantal will have$______more after 30 years.
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