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Gabriel opened an RRSP deposit account on December 1, 2008, with a deposit of $1600. He added $1600 on May 1, 2010, and $1600 on
Gabriel opened an RRSP deposit account on December 1, 2008, with a deposit of $1600. He added $1600 on May 1, 2010, and $1600 on November 1, 2012. How much is in his account on August 1, 2016, if the deposit earns 8.9% 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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