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What semi-annual contributions including must make

Dolly has just opened a Registered Education Fund for her daughter Lolly. She wants to contribute $3000 at the beginning of each half year for four years starting nine years from now when Lolly enters College. What semi-annual contributions, including one today must they make for the next nine years in the RESP earns 8.25% compounded semi-annually?

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Mathematics: What semi-annual contributions including must make

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Solution Preview :

Prepared by a verified Expert

Mathematics: What semi-annual contributions including must make

Reference No:- TGS0689445

Have a Question? (oR Write a Review)

Recent Questions Asked Mathematics

Q : What are the transactions completed by canyon ferry boating

Q : Big project for the hospital chief financial officer

Q : What initial liability can boys report on the balance sheet

Q : What duration of annuity paying at the end of every quarter

Q : What semi-annual contributions including must make

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Solution Preview :

Prepared by a verified Expert

Mathematics: What semi-annual contributions including must make

Reference No:- TGS0689445

Recent Questions Asked Mathematics

Q : What are the transactions completed by canyon ferry boating

Q : Big project for the hospital chief financial officer

Q : What initial liability can boys report on the balance sheet

Q : What duration of annuity paying at the end of every quarter

Q : What semi-annual contributions including must make

Q : Determine the breakeven in units and dollars

Q : Determine the cost of head lamps

Q : What is the maximum amount of each bursary

Q : What is the price of a plot if the funds are invested

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