Question
1) What should be the amount in an RRSP that is earning 7.50% compounded semi-annually if it can be converted to an RRIF that will
1) What should be the amount in an RRSP that is earning 7.50% compounded semi-annually if it can be converted to an RRIF that will provide $650 at the beginning of each month for 8 years?
2) A contract requires lease payments of $600 at the beginning of every month for 7 years.
a.What is the present value of the contract if the lease rate is 6.30% compounded annually?
b.What is the present value of the contract if the lease rate is 6.30% compounded daily?
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Finite Geometry And Combinatorics
Authors: F De Clerck ,J Hirschfeld
1st Edition
0521448506, 978-0521448505
