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Your daughter is currently 9 years old. You anticipate that she will be going to university in 9 years. You would like to have $133,000

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Your daughter is currently 9 years old. You anticipate that she will be going to university in 9 years. You would like to have $133,000 in a registered education savings plan (RESP) to fund her education at that time. If the account promises to pay a fixed interest rate of 6% per year, how much money do you need to put into the account today (ignoring goverment grants) to ensure that you will have $133,000 in 9 years

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