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2 0.3 points An annuity paying $1,400 at the end of each month (except for a smaller final payment) was purchased with $225,000 that
2 0.3 points An annuity paying $1,400 at the end of each month (except for a smaller final payment) was purchased with $225,000 that had accumulated in an RRSP. The annuity provides a semiannually compounded rate of return of 5.2%. (Round your answers to 2 decimal places.) a. What amount of principal will be included in Payment 137? Principal $ 1,044.34 b. What will be the interest portion of Payment 204? Interest $ 515.05 c. How much will the principal be reduced by Payments 145 to 156 inclusive? Principal paid $ 13,499.77 d. How much interest will be paid in the twentieth year? Interest paid $ 3,599.15 e. What will be the final payment? Final payment $ 62.89
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