Question
Kevin is the beneficiary of an RESP and he just received an educational assistance payment (EAP) of $5,000. before the payment, his RESP had accumulated
Kevin is the beneficiary of an RESP and he just received an educational assistance payment (EAP) of $5,000. before the payment, his RESP had accumulated investment income of $16,000 and a CESG account balance of$2000. what is the CESG balance be after EAP?
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Finance For Executives Managing For Value Creation
Authors: Gabriel Hawawini, Claude Viallet
7th Edition
1473778913, 978-1473778917
