What should be the amount in an RRSP that is earning 6.00% compounded monthly if it can be converted to an RRIF that will provide $300 at the beginning of each half-year for 7 years? Round to the nearest cent How much should Jacob's dad invest in a savings account today, to be able to pay for Jacob's rent for the next four years, if the rent is $600, payable at the beginning of each month? The savings account earns 3.71% compounded monthly. Round to the nearest cent