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Since the birth of his daughter, 19 years ago, Alicia has deposited $180.00 at the beginning of every month into an RESP. The interest rate

Since the birth of his daughter, 19 years ago, Alicia has deposited $180.00 at the beginning of every month into an RESP. The interest rate on the plan was 4.70% compounded monthly for the first 12 years and 6.60% compounded monthly for the next 7 years.

a. Calculate the value of the fund today (the end of a 19-year term).

Round to the nearest cent

b. How much of this is interest?

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