Since the birth of his daughter, 17 years ago, Derek has deposited $150.00 at the beginning of every month into an RESP. The interest rate on the plan was 3.60% compounded monthly for the first 9 years and 4.40% compounded monthly for the next 8 years.

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Since the birth of his daughter, 17 years ago, Derek has deposited
$150.00 at the beginning of every month into an RESP. The interest
rate on the plan was 3.60% compounded monthly for the first 9 years
and 4.40% compounded monthly for the next 8 years.

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