How much larger will the value of an RRSP be at the end of 25 years if the contributor makes month-end contributions of $300 instead of year-end contributions of $3,600? In both cases the RRSP earns 6.8% compounded quarterly.
REQUIRED:
1. Month-end contributions.
2. Year-end contributions.
REQUIRED:
1. Month-end contributions.
2. Year-end contributions.