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Your daughter is 5 years old and will need $30,000 at the beginning of each year for 4 years starting on her 19 th birthday

Your daughter is 5 years old and will need $30,000 at the beginning of each year for 4 years starting on her 19th birthday to attend university. You have saved $10,000 in her RESP to date. How much must you put aside every month, at the end of the month, to fund her education, if you foresee earning a return of 3%, compounded quarterly?

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