““Invest in your child’s future today with a Registered Education Savings Plan (RESP). Secure their education and watch their dreams take flight! 📚✨ Call me today to get registered education saving plan for your child. Your trusted insurance broker Vidhi Chhabra 416-524-3535#FutureReady #RESP #purdueboilermakers #ontario #unitedstates #canada #parents #canada #universityoftoronto | Vidhi Chhabra

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When Shayla turned five years old, her mother opened up a Registered Education Savings Plan (RESP) and started making 600 end-of-quarter contributions. The RESP earned 7.46 % semi-annually. At the end of each year, Human Resources and Skills Development Canada (HRSDC) made an additional deposit under the Canada Education Savings Grant (CESG) of 20 % of her annual contributions into her RESP. Calculate the total maturity value available for Shayla's education when she turns 18 . | Numerade