Marika has already accumulated $18,000 in her RRSP. If she contributes $2,000 at the end of every six months for the next 10 years, and $300 per month for the subsequent five years, what amount will she have in her plan at the end of the 15 years? Assume that her plan will earn 9% compounded semi-annually for the first 10 years and 9% compounded monthly for the next five years.

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The Answer of Marika has already accumulated $18,000 in her RRSP. If she contributes $2,000 at the end of every six months for the next 10 years, and $300 per month for the subsequent five years, what amount will she have in her plan at the end of the 15 years? Assume that her plan will earn 9% compounded semi-annually for the first 10 years and 9% compounded monthly for the next five years.

Marika Has Already Accumulated $18,000 in Her RRSP