# On February 1 of three successive gears, Roger contributed $3000, $4000, and $3500, respectively, to his RRSP.

## Question:

On February 1 of three successive gears, Roger contributed $3000, $4000, and $3500, respectively, to his RRSP. The funds in his plan earned 3% compounded monthly for the first year, 2.5% compounded quarterly for the second gear, and 3.75% compounded semiannually for the third gear. What was the value of his RRSP three years after the first contribution?

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**Related Book For**

## Fundamentals Of Business Mathematics In Canada

**ISBN:** 9781259370151

3rd Edition

**Authors:** F. Ernest Jerome, Jackie Shemko