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The Chamberlains are curious to find out how much they would need to set aside each year to fully fund a four year university program

The Chamberlains are curious to find out how much they would need to set aside each year to fully fund a four year university program for Neville if their saving is done outside of the RESP. Effective immediately, how much will they need to save at the beginning of each year for this purpose if Neville will begin university in 17 years? Assume investment returns will reain fixed at 6%and ignore any potential tax implications.

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