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Please answer this as soon as possible Question 7 of 7 Since the birth of her daughter, 21 years ago, Veronica has deposited $100 at
Please answer this as soon as possible
Question 7 of 7 Since the birth of her daughter, 21 years ago, Veronica has deposited $100 at the beginning of every month into a Registered Education Savings Plan (RESP). The interest rate on the plan was 4.70% compounded monthly for the first 11 years and 5.20% compounded monthly for the next 10 years. a. What would be the accumulated value of the RESP at the end of 11 years? $0.00 Round to the nearest cent b. What would be the accumulated value of the RESP at the end of 21 years? $0.00 Round to the nearest cent c. What is the amount of interest earned during the 21 year period? Round to the nearest cent Submit AssignmentStep by Step Solution
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