Perform the indicated operations and simplify. 
Definitions:
RRSP
A financial plan in Canada designed to help individuals save for retirement, offering tax advantages.
Compounded Monthly
Interest that is calculated on the principal and the previously earned interest on a monthly basis, leading to the accumulation of increasingly larger amounts.
Month-end Withdrawals
Financial transactions to remove money from an account or investment at the end of the month, often for budgeting or payment purposes.
Investment Account
A financial account that is used for holding and transacting securities or other investment instruments.
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Q62: Perform the indicated operations and simplify. <img