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Thomas opened an RRSP account and deposited $2,600 into it. He then deposited $500 at the end of the 1st year and $475 at the

Thomas opened an RRSP account and deposited $2,600 into it. He then deposited $500 at the end of the 1st year and $475 at the end of the 2nd year, into the account. The RRSP was earning 2.70% compounded quarterly.

a. What is the accumulated value of the investments at the end of the 2nd year?

b. What is the accumulated value of the investment at the end of 6 years?

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