Question

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Mr. Smith has contributed $127.00 at the end of each month into an RRSP paying 4% per annum compounded quarterly.
How much will Mr. Smith have in the RRSP after 18 years?
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
How much of the above amount is interest?
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Answer 1

Hello man I think its 1097.28 I am sorry if I get it wrong, tell me when you got the right answer.