The following is an excerpt (no longer posted) from the website of the Bank of Montreal (www4.bmo.com). The website gives some examples of accumulation over 25 years in a Registered 2.2.2 Retirement Savings Plan (the Canadian version of an IRA). Derek, Ira, and Anne each contribute $1,200 annually to their RRSPs earning a 6% average annual compounded return. Derek contributes $1,200 at the beginning of each calendar year. Ira contributes $100 at the start of each month throughout the year. Anne contributes $1,200 each year on the very last day for RRSP contributions deductible in the tax year (assume that this is the last day of the calendar year). Determine the accumulated values in the three numerical exam- ples given