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a) b) c) Marcia is investing some money!!! She is making regular contributions to a Registered Education Saving Account. She came up with the following
a) b) c) Marcia is investing some money!!! She is making regular contributions to a Registered Education Saving Account. She came up with the following formula to determine the future value of her RESP: A 325[(1.0125)48-1] 0.0125 What is her regular contribution (payment)? What is the annual interest rate if interest is compounded quarterly? How many years will she be contributing to the RESP if interest is compounded quarterly
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Strategy For Personal Finance
Authors: Larry R. Lang
4th Edition
007036317X, 9780070363175
