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Nikola is currently 47 years old and planning to retire at age 60. She has already saved $220,000 in her Registered Retirement Savings Plan (RRSP).

Nikola is currently 47 years old and planning to retire at age 60. She has already saved $220,000 in her Registered Retirement Savings Plan (RRSP). If she continues to contribute $200 at the beginning of every month, how much money will be in her RRSP at retirement if it can earn 8.1% compounded monthly? No deposit is made the day she turns 60.

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