Mrs. Nash has determined that she can save at least $5 per day by quitting smoking and cutting out one cup of coffee or one can of pop per day. Therefore, she has decided to make contributions of $150 to her Retirement Savings Plan (RSP) at the end of each month. She anticipates that her RSP will earn 11% compounded monthly. She is 20 years old now. How much money will be in her RSP when she is 55 years of age? Question 2

options:

823668.37

887093.35

686390.31

739244.46