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Chen opened an RRSP deposit account on December 1, 2008, with a deposit of $2000. He added $2000 on October 1, 2010, and $2000 on
Chen opened an RRSP deposit account on December 1, 2008, with a deposit of $2000. He added $2000 on October 1, 2010, and $2000 on July 1, 2012. How much is in his account on August 1, 2016, if the deposit earns 6.5% p.a. compounded monthly? The amount in the account is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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