1. What is the required initial investment to establish a monthly stipend of $1 400 in perpetuity, assuming a rate of 5,4% compounded annually?

2. You are provided with $1 500 000. Assuming you can reliably earn 3,7% compounded annually, what amount of annual perpetual scholarship could you provide?

3. If you invest $5000 at the end of every year into an RRSP, with payments growing at a rate of 2,3% per year, what will be in the RRSP after 15 years, assuming a constant interest rate of 4,8% compounded annually?

4. If you invest $10 000, consistently growing by 4,6% per payment, what will the value of the 7th payment be?