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Mr. Maillet has contributed $225.00 at the end of each six months into an RRSP paying...
Mr. Kinders has contributed $165.00 at the end of each three months into an RRSP paying...
Mr. Kinders has contributed $165.00 at the end of each three months into an RRSP paying 3% per annum compounded annually. How much will Mr. Kinders have in the RRSP after 12 years? (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) How much of the above amount is interest? (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as...
Mr. Kinders has contributed $78 at the end of each month into an RRSP paying 3...
Mr. Kinders has contributed $78 at the end of each month into an RRSP paying 3 % per annum compounded annually. How much will Mr. Kinders have in the RRSP after 2020 year? How much of the above amount is interest?
What is the discounted value of $1327.00 paid at the end of every six months for...
What is the discounted value of $1327.00 paid at the end of every six months for 10 years if interest is 8% per annum compounded quarterly? The discounted value is $____? (Round the final answer to the nearest cent as needed. Round all intermediate values six decimal places as needed.) Please help!! !!!!! assistancr needed !!
7. How much interest is included in the future value of an ordinary simple annuity of...
7. How much interest is included in the future value of an ordinary simple annuity of $1,350 paid every six months at 6% compounded semi-annually if the term of the annuity is 2 years? The interest is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) 8. Glenn has made contributions of $250 at the end of every three months into an RRSP for ten years. Interest for...
Luisa borrowed to buy a piano, paying $123 at the end of each month for 3...
Luisa borrowed to buy a piano, paying $123 at the end of each month for 3 years. The bank charges interest on the loan at 8.97% compounded monthly (a) What was the cash price of the piano? (b) How much is the cost of financing? (a) The cash price of the piano is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The cost of financing is...
A property was purchased for $7261.00 down and payments of $876.00 at the end of every...
A property was purchased for $7261.00 down and payments of $876.00 at the end of every month for 5 years. Interest is 3% per annum compounded quarterly. What was the purchase price of the property? How much is the cost of financing? The purchase price of the property was $ . (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) The cost of financing is $ 1. (Round the...
A property was purchased for $9127.00 down and payments of $768.00 at the end of every...
A property was purchased for $9127.00 down and payments of $768.00 at the end of every year for 9 years. Interest is 9 % per annum compounded quarterly What was the purchase price of the property? How much is the cost of financing? The purchase price of the property was ? (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) The cost of financing is ? (Round the final...
Harlan made equal payments at the end of each month into his RRSP. If interest in...
Harlan made equal payments at the end of each month into his RRSP. If interest in his account is 7% compounded semi-annually, and the balance after twelve years is $13,000, what is the size of the monthly payment? The size of the monthly payment is $7. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
An installment contract for the purchase of a car requires payments of $328.37 at the end...
An installment contract for the purchase of a car requires payments of $328.37 at the end of each month for 5.75 years. Interest is 7% per annum compounded monthly (a) What is the amount financed? (b) How much is the interest cost? (a) The amount financed is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The interest is $7 (Round the final answer to the nearest...
A $4365.42 investment matures in 7 years, 11 months. Find the maturity value if interest is...
A $4365.42 investment matures in 7 years, 11 months. Find the maturity value if interest is 4.9% per annum compounded quarterly. The maturity value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Mr. Kinders has contributed $165.00 at the end of each three months into an RRSP paying 3% per annum compounded annually. How much will Mr. Kinders have in the RRSP after 12 years? (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) How much of the above amount is interest? (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as...
7. How much interest is included in the future value of an ordinary simple annuity of $1,350 paid every six months at 6% compounded semi-annually if the term of the annuity is 2 years? The interest is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) 8. Glenn has made contributions of $250 at the end of every three months into an RRSP for ten years. Interest for...
Luisa borrowed to buy a piano, paying $123 at the end of each month for 3 years. The bank charges interest on the loan at 8.97% compounded monthly (a) What was the cash price of the piano? (b) How much is the cost of financing? (a) The cash price of the piano is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The cost of financing is...
A property was purchased for $7261.00 down and payments of $876.00 at the end of every month for 5 years. Interest is 3% per annum compounded quarterly. What was the purchase price of the property? How much is the cost of financing? The purchase price of the property was $ . (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) The cost of financing is $ 1. (Round the...
Harlan made equal payments at the end of each month into his RRSP. If interest in his account is 7% compounded semi-annually, and the balance after twelve years is $13,000, what is the size of the monthly payment? The size of the monthly payment is $7. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
An installment contract for the purchase of a car requires payments of $328.37 at the end of each month for 5.75 years. Interest is 7% per annum compounded monthly (a) What is the amount financed? (b) How much is the interest cost? (a) The amount financed is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The interest is $7 (Round the final answer to the nearest...
A $4365.42 investment matures in 7 years, 11 months. Find the maturity value if interest is 4.9% per annum compounded quarterly. The maturity value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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