Question

Glenn has made contributions of​ $250 at the end of every three months into an RRSP...

Glenn has made contributions of​ $250 at the end of every three months into an RRSP for ten years. Interest for the first four years was​ 4% compounded quarterly. Since then the interest rate has been​ 5% compounded quarterly. How much will Glenn have in his RRSP three years after the last​ contribution?

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