Question: lisa has contributed $2,420.00 every three months for the last 15 years into an RRSP fund. The interest earned by these deposits was 4% compounded
lisa has contributed $2,420.00 every three months for the last 15 years into an RRSP fund. The interest earned by these deposits was 4% compounded quarterly for the first 6 years and 7% compounded quarterly for the last 9 years. How much money is currently in the RRSP?
The balance is $
(Round the final answer to the nearest cent as needed. Round intermediate values to four decimal places as needed.)
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