You have just made your first $5,300 contribution to your registered retirement saving plan (RRSP). Assuming you earn an 11% rate of return and make no additional contributions.

What will your account be worth when you retire in 45 years?(Do not round intermediate calculations and round your finalanswer to 2 decimal places. Omit $ sign in your response.)

What if you wait ten years before contributing?(Do not round intermediate calculations and round your finalanswer to 2 decimal places. Omit $ sign in your response.)