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Llinos has contributed $97.92 every month for the last eight years into an RRSP account earning 12.05% compounded monthly. Her husband Miraj, on the other

  1. Llinos has contributed $97.92 every month for the last eight years into an RRSP account earning 12.05% compounded monthly. Her husband Miraj, on the other hand, contributed $587.50 every six months for the same period into a RRSP account earning 12.05% compounded semi-annually. Who earns more interest at the end of eight years and by how much?

    a.

    Llinos by $367.51

    b.

    Miraj by $583.69

    c.

    Llinos by $458.82

    d.

    Llinos by $581.69

    e.

    Miraj by $452.34

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