1.Jordan contributed $900 at the end of every 3 months into an RRSP fund earning 2.91% compounded quarterly for 12 years.

a. What is the future value of the fund at the end of 12 years? $0.00 Round to the nearest cent

b. What is the amount of interest earned over this period? $0.00 Round to the nearest cent

2.How much should Abigail have in a savings account that is earning 4.25% compounded monthly, if he plans to withdraw $1,550 from this account at the end of every month for 11 years?

Round to the nearest cent

3.Falco Inc. financed the purchase of a machine with a loan at 2.10% compounded semi-annually. This loan will be settled by making payments of $7,800 at the end of every six months for 7 years.

a. What was the principal balance of the loan?

Round to the nearest cent

b. What was the total amount of interest charged?

Round to the nearest cent

4.How much money should Michael invest today in a fund that earns interest at 3.06% compounded quarterly, if he wants to receive $4,500 at the end of every 6 months for the next 6 years?

Round to the nearest cent

5.Calculate the accumulated amount of end-of-quarter payments of $1,000 made at 6.51% compounded monthly for 4 years.

Round to the nearest cent