Question

Harlan made equal payments at the end of each

month

into his RRSP. If interest in his account is

11.1%

compounded

semi-annually,

and the balance after

eleven

years is

$14,000,

what is the size of the

monthly

payment?

The size of the

monthly

payment is

$nothing.

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Answer #1

A $95,000 a mortgage is to be amortized by making monthly
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(a)
Compute the size of the monthly payment.
(b)
Determine the balance at the end of the five-year term.
(c)
If the mortgage is renewed for a five-year term at 7%
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(Round the...

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dash annually question mark
The required quarterly payment is $
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(Round the final answer to the nearest cent as needed. Round
all intermediate values to six decimal places as needed.)

A car was purchased for $3650 down and payments of $338 at
the end of each month for five years. Interest is 2% compounded
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The purchase price of the car was $
nothing.
(Round the final answer to the nearest cent as needed. Round
all intermediate values to six decimal places as needed.)
The amount of interest that will be paid is $
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(Round...

A car was purchased for
$1410
down and payments of
$249
at the end of each
month
for
four
years. Interest is
7%
compounded
quarterlyquarterly.
What was the purchase price of the car? How much interest will
be paid?
The purchase price of the car was
$nothing.
(Round the final answer to the nearest cent as needed. Round
all intermediate values to six decimal places as needed.)
The amount of interest that will be paid is
$nothing.
(Round the final...

Lucy made equal deposits at the beginning of every 3 months into
an RRSP. At the end of 9 years, the fund had an accumulated value
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Round to the nearest cent

Roger Baker has accumulated $775,000 in his RRSP and is going
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payments. The money used to purchase the annuity will earn 3.8%
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(Total: 9 marks)
Interim calculations should be to
six decimal places; final answer to the nearest cent.

Semiannual payments are required on an $90,000 loan at 8.0%
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years. Calculate the interest component of Payment
5.
Interim calculations should be to
six decimal places; final answer to the nearest cent.
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Find the present value of the following perpetuity.
Perpetuity Payment
Made
At:
Payment Period
Interest Rate
Conversion Period
$2,400
end
1 year
11.8%
semi-annually
The present value is $__.
(Round the final answer to the nearest cent as needed. Round all
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a. The price of the? T-bill is ?$
?(Round to the nearest dollar as? needed.)
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If interest is compounded? annually, what is the...

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(Round the final answer to the nearest cent as needed. Round
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