Question: Help Save & Exit Ken and Barbara have two children, aged three and six. At the end of every six months for the next

Help Save & Exit Ken and Barbara have two children, aged three

Help Save & Exit Ken and Barbara have two children, aged three and six. At the end of every six months for the next 12 years, they wish to contribute equal amounts to a Registered Education Savings Plan (RESP). Six months after the last RESP contribution, the first of 12 semiannual withdrawals of $5000 will be made. If the RESP earns 8.5% compounded semiannually, what must be the size of their regular RESP contributions? (Round your answer to the nearest cent.) PMT .$ Check my

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