Question: To start saving for retirement, Anthony opens an RRSP that earns interest at a rate of 4% compounded quarterly. Anthony makes deposits of $450 at

To start saving for retirement, Anthony opens an RRSP that earns interest at a rate of 4% compounded quarterly. Anthony makes deposits of $450 at the end of every quarter for nine years. At the end of the nine years, Anthony switches his deposits to $290 at the end of every month for 17 years.

How much money does Anthony have in this RRSP at the end of the 26 years?

How much interest did Anthony's RRSP earn?

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