Question
Ali deposits $262.00 every month into his son's RESP for the next six years until his son goes to college. Ali's son will receive quarterly
Ali deposits $262.00 every month into his son's RESP for the next six years until his son goes to college. Ali's son will receive quarterly payments from the RESP for the four years he is in college. If the RESP earns interest at a rate of 5.80% compounded monthly,find the size of the quarterly payments Ali's son will receive.
PMT =Round to the nearest cent
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International Financial Reporting Standards An Introduction
Authors: Belverd E. Needles, Marian Powers
3rd Edition
1133187943, 978-1133187943
