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Kito opened an RRSP deposit account on December 1, 2008, with a deposit of $1900. He added $1900 on July 1, 2010, and $1900 on
Kito opened an RRSP deposit account on December 1, 2008, with a deposit of $1900. He added $1900 on July 1, 2010, and $1900 on February 1, 2012. How much is in his account on February 1, 2016, if the deposit earns 7.2% 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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