Katherine opened an RRSP account and deposited $2,200 into it. He then deposited $1,000 at the end of the 1st year and $725 at the end of the 2nd year, into the account. The RRSP was earning 2.40% compounded quarterly.
a. What is the accumulated value of the investments at the end of the 2nd year?
$0.00
Round to the nearest cent
b. What is the accumulated value of the investment at the end of 5 years?
$0.00
Round to the nearest cent