Question: please answer fast, will upvote Question 9 (3 points) Eric made monthly contributions of $150 to his son's RESP for a total of 15 years.
Question 9 (3 points) Eric made monthly contributions of $150 to his son's RESP for a total of 15 years. The contributions as well as the CESG was invested at the end of every month in a fund that earned a return of 7% compounded monthly. How much was in the RESP account at the end of 15 years? 47,544 46,789 55,998 57,053
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
