Beatrice needs $400,000 in her RRSP by the time she turns 65 to fully fund her retirement. If she is currently 25 years old and has nothing invested in her RRSP, how much money does she have to save per month if her investment is expected to earn 5% per year after fees and compounds monthly? Round your answer to the nearest dollar.

Answer rating: 100% (QA)

To calculate how much Beatrice needs to save per month to reach her retirement goal we can use the f... View the full answer