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Use the timeline below to help you! Saving up for a 'college fund' is a difficult task for many parents. The key is to start

Use the timeline below to help you! Saving up for a 'college fund' is a difficult task for many parents. The key is to start early! When Harry turned il years old, his parents began putting $150 at the end of every month into an RESP (Registered Education Savings Plan). When he turned 18(seven years later) they converted the fund so that he could make regular end-of-month withdrawals of $315 to help him with his college expenses. Interest on both accounts is 3.2% compounded annually.
What is the value of PV2?
Select one:
a. $14,078.58
b. $14,101.77
c. $61,387.30
d. $14,265.58
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