The answer is given, $455.60. What I need to know is how to get to this answer using a Financial Calculator and what would be the values you would use for the calculation. For example, PV=, FV=, I/Y=, C/Y=, P/Y=, N=, BGN/END=, and lastly PMT=. Presumably you need to do this in two steps because you need to calculate the RRSP period and the RRIF period separately but I am not sure how to start.

To save up for retirement, David makes monthly deposits for the next 15 years into an RRSP. At the end of the 15 years, David will retire and convert the RRSP into a RRIF. David will receive quarterly payments of $2,000 from his RRIF for 20 years. What are the monthly deposits that David must make into the RRSP if the interest rate for both the RRSP and the RRIF is 3.9% ? compounded semi-annually? Input your