Allison Started an RRSP on March 1, 2011, with a Deposit

question 91

Essay

Allison started an RRSP on March 1, 2011, with a deposit of $2470.00. She added $1900.00 on December 1, 2012, and $1850.00 on September 1, 2013. What is the accumulated value of her account on December 1, 2015, if interest is 7.24% compounded quarterly?

---

Definitions:

Family Violence

Acts of violence and abuse among family members, including physical, emotional, and sexual abuse.

Drug Use

The act of consuming substances, which could be legal or illegal, for their physiological effects on the body.

Milgram Obedience

Milgram Obedience Experiment was a series of psychological experiments conducted by Stanley Milgram, which measured the willingness of study participants to obey an authority figure who instructed them to perform acts conflicting with their personal conscience.

Electric Shock

A sudden discharge of electricity through a part of the body, causing injury or muscular contraction.