4. Danielle's parents have put away S12 000 to pay for her university education. The money invested in an RESP that pays 6.7% per year, compounded monthly. How much will she have for universitv in four vears?

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
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4. Danielle's parents have put away S12 000 to pay for her university education. The money is
invested in an RESP that pays 6.7% per year, compounded monthly. How much will she have
for universitv in four vears?
Transcribed Image Text:4. Danielle's parents have put away S12 000 to pay for her university education. The money is invested in an RESP that pays 6.7% per year, compounded monthly. How much will she have for universitv in four vears?
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