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1. You have about $7500 saved up in your RESP. Your family had been contributing to the RESP twice a year since you ente
Posted: Tue Jan 18, 2022 12:59 pm
by answerhappygod
- 1 You Have About 7500 Saved Up In Your Resp Your Family Had Been Contributing To The Resp Twice A Year Since You Ente 1 (42.91 KiB) Viewed 130 times
1. You have about $7500 saved up in your RESP. Your family had been contributing to the RESP twice a year since you entered high school. It gains 3.2% annual interest, compounded semi-annually. a. How much were their semi-annual payments? b. How much will you still owe the post-secondary institution once you have used up the available funds in your RESP?