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Mr . and Mrs . Krenz are contributing to a Registered Education Savings Plan they have set up for their children. What amount will they

.

and Mrs

.

Krenz are contributing to a Registered Education Savings Plan they have set up for their children. What amount will they have in the RESP after

8

years of contributing $

500

at the end of every calendar quarter if the plan earns

9 %

compounded monthly? How much of the total amount is interest?

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