Question: Hello, I know this question Involves Annunities Due, I know nothing beyond that. Can you please help me. id Greatly Appreciate it! Terilynn and Ross

Hello, I know this question Involves Annunities Due, I know nothing beyond that. Can you please help me. id Greatly Appreciate it!

Terilynn and Ross have opened an RESP for their son, Christopher. They want the plan to pay $4,000 at the beginning of each half year for 5 years, starting 8 years from now when their son will enter college or university. What semi-annual contributions, including one today, must they make for the next 8 years if the RESP earns 9% compounded semi-annually?

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