An RESP fund, for a 12-year period, earned 3.75% compounded monthly for 7 years followed by 4.35%
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An RESP fund, for a 12-year period, earned 3.75% compounded monthly for 7 years followed by 4.35% compounded monthly for the next 5 years. What will be the accumulated value of the fund and the interest earned if deposits of $125 were made at the end of every month?
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Divya Munir
I hold M.Sc and M.Phil degrees in mathematics from CCS University, India and also have a MS degree in information management from Asian institute of technology, Bangkok, Thailand. I have worked at a international school in Bangkok as a IT teacher. Presently, I am working from home as a online Math/Statistics tutor. I have more than 10 years of online tutoring experience. My students have always excelled in their studies.
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Related Book For 
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
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