Gary is 65 years old. Today, Gary plans to establish an RESP under which Gary will be the subscriber and his 1 year old granddaughter, Wendy, is the beneficiary. Gary will open the plan with a contribution of $5000. Then, starting next year, at the beginning of each year he will contribute $5000 to the RESP. Following the contribution made in the year Gary turns 71, there will be no further contributions made to the RESP. Assuming Gary and his wife Nancy's net family income will be approximately $100000 for the foreseeable future, what will be the value of the RESP at the end of the year in which Gary makes his final contribution? Assume today's date is January 1st.