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Mahadeus opened an RRSP deposit account on December 1, 2008, with a deposit of $1400. He added $1400 on May 1, 2010, and $1400 on
Mahadeus opened an RRSP deposit account on December 1, 2008, with a deposit of $1400. He added $1400 on May 1, 2010, and $1400 on May 1, 2012. How much is in his account on September 1, 2016, if the deposit earns 6.4% 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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