# Mrs. Nash has made payments of $1250 at the end of each quarter into an RRSP for

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## Question:

Mrs. Nash has made payments of $1250 at the end of each quarter into an RRSP for the last four years. Interest at 10% compounded quarterly was earned. She decides to continue with her payments into RRSP for another two years.

How much money will she have in her RRSP two years from now if the interest rate remains the same?

**Related Book For**

## Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

ISBN: 978-1337614689

9th edition

Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw