Robert opened an RRSP deposh acoount on December 12008 wi.pdf

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Robert opened an RRSP account in 2008 with a deposit of $19,000. He added $19,000 in 2010 and $18,000 in 2012. The account earns 8.9% annually, compounded monthly. By October 2016, the amount in Robert's account was $62,000.

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Robert opened an RRSP deposh acoount on December 1,2008 , with a deposi or 51900 . He
added 51900 on Auguat 1, 2010, and 51800 on dune 1, 2012. How inuch is in his atcount an
Detober 1 , 2016, if the deposit earns 8.9% p p a compounded monthy? The amount in the accourt
is 5 (Round the final answer to the nearest cont as neoded Round at inlemediate values to six
deoinal places as needed.)

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