To start saving for retirement, Justin opens an RRSP that earns interest at a rate of 4.5% compounded quarterly. Justin makes deposits of $550 at the end of every quarter for ten years. At the end of the ten years, Justin switches his deposits to $270 at the end of every month for 17 years.

How much money does Justin have in this RRSP at the end of the 27 years? 

Answer rating: 100% (QA)

At the end of 10 years Justin has saved 30000 in the RRSP F... View the full answer