Q2.2: Since the birth of his granddaughter, 15 years ago, Michael has deposited $150 at the beginning of every month into a Registered Education Savings Plan (RESP). The interest rate on the plan was...

Q2.2:
Since the birth of his granddaughter, 15 years ago, Michael has deposited $150 at the beginning of every month into a Registered Education Savings Plan (RESP). The interest rate on the plan was 3.75% compounded monthly for the first 8 years and 4.25% compounded monthly for the next 7 years.

a. What was the accumulated value of the RESP at the end of 8 years?

b. What was the accumulated value of the RESP at the end of 15 years?

c. What was the amount of interest earned over the 15-year period?

Kindly keep all the decimals for all the preocedures, DO NOT ROUND