Question: Alysha's parents save $ 2 4 2 8 per year for 4 years to pay for her university tuition costs. They deposit the money into

Alysha's parents save $2428 per year for 4 years to pay for her university
tuition costs. They deposit the money into a Registered Education Savings
Plan (RESP) account so that no tax is payable on the interest income. This
RESP account provides a return of 6 percent per year. How much have they
accumulated after 4 years? (Round to two decimal places)
Answer:
Alysha's parents save $2428 per year for 4 years to pay

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