How long will it take an RESP to grow to $200,000 if the plan owner contributes $1000 at the end of each quarter and the plan earns:
a. 8% compounded monthly?
b. 8% compounded semiannually?
c. 8% compounded quarterly?
d. 8% compounded monthly?
Round up the number of contributions to the next integer before calculating the total time.

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The Answer of How long will it take an RESP to grow to $200,000 if the plan owner contributes $1000 at the end of each quarter and the plan earns:
a. 8% compounded monthly?
b. 8% compounded semiannually?
c. 8% compounded quarterly?
d. 8% compounded monthly?
Round up the number of contributions to the next integer before calculating the total time.

How Long Will It Take an RESP to Grow to $200,000