Edward Farnsworth has $25,853 in his registered retirement savings plan (RRSP). He expects the RRSP to have a return of 5% per year, compounded annually. He plans to put $4,000 into the RRSP at the end of each year for the next 15 years. 

How much will Mr. Farnsworth have at the end of 10 years? 

How much will he have at the end of 15 years?

Answer rating: 100% (QA)

To calculate the future value of Mr Farnsworths RRSP at the end of 10 years and 15 years we can use ... View the full answer