Question
Cassandra deposits $191.00 every month into her son's RESP for the next seventeen years until her son goes to college. Cassandra's son will receive quarterly
Cassandra deposits $191.00 every month into her son's RESP for the next seventeen years until her son goes to college. Cassandra'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 4.10% compounded monthly:
a. What will be the RESP savings when her son goes to college?
Round to the nearest cent
b. Find the size of the quarterly payments Cassandra's son will receive.
Round to the nearest cent
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The Oxford Handbook Of Pricing Management
Authors: Ozalp Ozer, Robert Phillips
1st Edition
0199543178, 978-0199543175
