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URGENT! Please answer quickly I will leave a good review! Sheila's parents opened up an RESP for her when she was 10 years old. Now
URGENT! Please answer quickly I will leave a good review!
Sheila's parents opened up an RESP for her when she was 10 years old. Now she is 18 years and pursuing a diploma in a post-secondary institution on a part-time basis. This is her first semester and she wants to make a withdrawal from her RESP account which has a balance of $50,000 including capital contributions and Educational Assistance payments. If she were to make a withdrawal from her RESP in the first 4 weeks of her first semester, how much is the maximum EAP withdrawal that will be permitted? 5,200 26,000 2,600 12,500Step by Step Solution
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