Rajeevs new financial plan calls for end-of-quarter contributions of $2000 to his RRSP. In addition, at each

Question:

Rajeev’s new financial plan calls for end-of-quarter contributions of $2000 to his RRSP. In addition, at each year-end, he intends to contribute another $5000 out of the annual bonus he receives from his employer. What will be the amount in his RRSP after four years if it earns 7% compounded quarterly?