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Ariana contributed $100 from her pay cheque at the beginning of every month from age 18...

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Finance

Ariana contributed $100 from her pay cheque at the beginning ofevery month from age 18 to 65 into an RRSP account (no contributionin the month of her 65th birthday). Macy contributed $4000 at thebeginning of every year from age 35 to 55 into a similar RRSPaccount, then leave the money in the fund to accumulate for another10 years(no contribution in the year of her 55th birthday). moneyearned 4.8% compounded daily in both RRSP accounts.
1. who had the greater accumulates value, and how much werethey.
2. how much interest did each earn

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Ariana contributed $100 from her pay cheque at the beginning ofevery month from age 18 to 65 into an RRSP account (no contributionin the month of her 65th birthday). Macy contributed $4000 at thebeginning of every year from age 35 to 55 into a similar RRSPaccount, then leave the money in the fund to accumulate for another10 years(no contribution in the year of her 55th birthday). moneyearned 4.8% compounded daily in both RRSP accounts.1. who had the greater accumulates value, and how much werethey.2. how much interest did each earn

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