1. Dakota intends to save for occasional major travel holidays by contributing $275 at the end of each month to an investment plan. At the end of every three years, she will withdraw $10,000 for a major trip abroad. If the plan earns 6% compounded monthly, what will be the plan's balance after seven years? (6 marks)

2. How much will it cost to purchase an ordinary annuity delivering semiannual payments of $2000 for 12 years if the money used to purchase the annuity can earn 7.5% compounded semiannually? (6 marks)

3.Shanelle saves $600 at the end of every month in an RESP at 4.5% compounded monthly for 15 years for her child's education. a. How much will she have at the end of 15 years? b. If she leaves the accumulated money in the savings account for another two years, earning the same interest rate, how much will she have at the end of the period? (6 marks)

4. Calculate the accumulated value of annuity contributions of $500 at the end of every month for five years followed by contributions of $750 at the end of every month for the next four years if money is worth 4.2% compounded monthly. (6 marks)

5. Calculate the accumulated value and the amount of interest earned on deposits of $125 made at the end of every month into an RESP fund for 12 years if the fund earned interest at 3.75% compounded monthly for 7 years and 4.35% compounded monthly for the next 5 years.(6 marks)