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Katal has decisted to make contributions of $ 3 7 5 to his Retirement Savings Plan ( RSP ) at the end of each month

Katal has decisted to make contributions of $375 to his Retirement Savings Plan (RSP) at the end of each month for 25 years. He anticipates that his RSP will earn 12.2% compounded monttily. He is 20 years old now and therefore he will be onty 55 when this plan is completent, How much money will be in his RSP when he is 55 years of age Less than $500.000 Between $500.000 and $1,000,000 Between $1,000,000 and $1.500.000 Between $1.500,000 and $2,000,000

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