Assume that $1000 was contributed at the beginning of the year into an RESP plan for 10

Question:

Assume that $1000 was contributed at the beginning of the year into an RESP plan for 10 years.
a. If the rate of interest was 4% per annum compounded annually for the first 5 years, and 5.2% compounded quarterly for the last 5 years, calculate the amount of the plan.
b. If the beneficiary’s tax rate is 25% and the student uses this amount for a four-year degree, calculate the monthly value that can be used by the student.