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Please provide an explanation and steps for the following: Anthony deposits $376.00 every month into his son's RESP for the next seven years until his
Please provide an explanation and steps for the following: Anthony deposits $376.00 every month into his son's RESP for the next seven years until his son goes to college. Anthony'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 5.10% compounded monthly, find the size of the quarterly payments Anthony's son will receive.
PMT = ?
Round to the nearest cent
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