My son's YouTube channel (ILYAD) is making around $1000 per year at the moment (assume payments at the end of each year). How much will he have in his RESP account 12 years from now if he keeps collecting money from YouTube? Let's assume his revenue remains the same for the next 4 years (starting today) then the revenue increases to $1500 per year, from year 4 to 8, and then it increases to $2000 per year for the remaining years. Consider 5% annual interest rate for this problem

My son's YouTube channel (ILYAD) is making around $1000 per year at the moment (assume payments at the end of each year). How much will he have in his RESP account 12 years from now if he keeps collecting money from YouTube? Let's assume his revenue remains the same for the next 4 years (starting today) then the revenue increases to $1500 per year, from year 4 to 8, and then it increases to $2000 per year for the remaining years. Consider 5% annual interest rate for this problem

ECON MICRO

5th Edition

ISBN:9781337000536

Author:William A. McEachern

Publisher:William A. McEachern

Chapter13: Capital, Interest, Entrepreneurship, And Corporate Finance

Section: Chapter Questions

Problem 4.8P

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