1) Mr. Hughes has contributed $4000.00 per year for the last ten years into a RRSP account earning 9.00% compounded annually. Suppose he leaves the accumulated contributions for another five years in the RRSP at the same rate of interest.a) How much will Mr. Hughes have in total in his RRSP account?b) How much did Mr. hughes contribute?c) How much will be interest?

2) Find the present value of ordinary semi-annual payments of $810.00 for five years at 5.45% p.a., compounded semi-annually.

3) What payment is required at the end of each month for 3 years to repay a loan of $8000.00 at 6.4% compounded monthly?

4) What is the size of semi-annual deposits that will accumulate to $113 200.00 after 9.5 years at 6.5% compounded semi-annually?

5) What deposit made at the end of each quarter will accumulate to $20 000.00 in four years at 4% compounded quarterly?

6) How many yearly payments will it take for $25 000.00 deposited at the end of each year to amount to $1 000 000.00 at 9% compounded yearly?

7) In what period of time could you pay back a loan of $13 900.00 by making monthly payments of $296.00 if interest is 6.5% compounded monthly?