Question: An RESP fund, for a 12-year period, earned 3.75% compounded monthly for 7 years followed by 4.35% compounded monthly for the next 5 years. What

An RESP fund, for a 12-year period, earned 3.75% compounded monthly for 7 years followed by 4.35% compounded monthly for the next 5 years. What will be the accumulated value of the fund and the interest earned if deposits of $125 were made at the end of every month?

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