Charlene has made contributions of $3,000 to her RRSP at the end of every half year for the past seven years. The plan has earned 9% compounded semi-annually. She has just moved the funds to another plan earning 7.5% compounded quarterly, and will now contribute $2,000 at the end of every three months. What total amount will she have in the plan five years from now?

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The Answer of Charlene has made contributions of $3,000 to her RRSP at the end of every half year for the past seven years. The plan has earned 9% compounded semi-annually. She has just moved the funds to another plan earning 7.5% compounded quarterly, and will now contribute $2,000 at the end of every three months. What total amount will she have in the plan five years from now?

Charlene Has Made Contributions of $3,000 to Her RRSP at the End