Question
1: Jeremy invested $140 at the end of every month into an RRSP for 8 years. If the RRSP was growing at 4.40% compounded quarterly,
1: Jeremy invested $140 at the end of every month into an RRSP for 8 years. If the RRSP was growing at 4.40% compounded quarterly, how much did he have in the RRSP at the end of the 8-year period?
2:How much interest will an account earn if you deposited $455 at the end of every six months for 10 years and the account earned 6.25% compounded semi-annually?
3:If Patricia obtained a business loan of $275,000.00 at 4.85% compounded semi-annually, how much should he pay at the end of every 6 months to clear the loan in 25 years?
4:What is the accumulated value of periodic deposits of $50 at the beginning of every month for 19 years if the interest rate is 3.87% compounded monthly?
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