Corey's grandmother is depositing $1,200 at the end of each quarter into a RESP to save...

  

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Corey's grandmother is depositing $1,200 at the end of each quarter into a RESP to save for Corey's University education. The RESP earns interest at 5.50% compounded quarterly. Corey will start university in six years at which time his grandmother will stop contributing. a. How much will grandmother have accumulated in the RESP in six years? $0.00 Round to the nearest cent b. How much can Corey withdraw from his RESP at the end of each quarter for four years? $0.00 Round to the nearest cent Corey's grandmother is depositing $1,200 at the end of each quarter into a RESP to save for Corey's University education. The RESP earns interest at 5.50% compounded quarterly. Corey will start university in six years at which time his grandmother will stop contributing. a. How much will grandmother have accumulated in the RESP in six years? $0.00 Round to the nearest cent b. How much can Corey withdraw from his RESP at the end of each quarter for four years? $0.00 Round to the nearest cent

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