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Posted on Sep 21, 2024

Patrice opened an RRSP deposit account on December 1 , 2 0 1 6 , with a deposit of $ 1 0 0 0 .

Patrice opened an RRSP deposit account on December

1, 2016,

with a deposit of

1000 .

He added $

1000

on July

1, 2018,

and $

1000

on November

1, 2020 .

How

much is in his account on January

1, 2024,

if the deposit earns

6 %

compounded

monthly?

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