Linda contributes $3000.00 at the beginning of every six months into an RRSP paying interest at 6% compounded semi-annually.
a) How much will her RRSP deposits amount to in 15 years?
b) How much of the amount will be interest?

Question

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The Answer of Linda contributes $3000.00 at the beginning of every six months into an RRSP paying interest at 6% compounded semi-annually.
a) How much will her RRSP deposits amount to in 15 years?
b) How much of the amount will be interest?

Linda Contributes $3000