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How much should eric invest today

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Q1 - How much should Eric invest today at 4.00% compounded monthly in order to pay his son's rent of $500 at the beginning of each month for the next 4 years?

Q2 - An RESP account earns 4.16% compounded daily. How much must be contributed at the end of each month in order to accumulate $270,000 in 16 years?

Reference no: EM133043144

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How much should eric invest today : How much should Eric invest today at 4.00% compounded monthly in order to pay his son's rent of $500 at the beginning of each month for the next 4 years
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