Question
What would be better, to invest the maximum RESP lifetime contribution per child once the child is born and collecting one grant payment over 18years,
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What would be better, to invest the maximum RESP lifetime contribution per child once the child is born and collecting one grant payment over 18years, or to invest $4,000 per year for the next 18 years and collecting $400 CESG per year. Both options would be invested with a growth rate of 8%.
a) Investing the maximum RESP lifetime contribution.
b) Investing $4,000 per year for next 18 years.
c) It depends on which school the child will attend.
d) It does not matter which one.
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Financial Accounting For Decision Makers
Authors: Peter Atrill, Eddie McLaney
10th Edition
1292409185, 9781292409184
