You deposit $$650\mathrm{.}00$ at the beginning of each month into an RRSP paying interest at $5\mathrm{.}25\%$ compounded quarterly. What will be the accumulated balance in your RRSP at the end of $11$ years?

Question $1$ options:

$$115,439$

$$116,134$

$$115,897$

$$116,294$

$116,371$