5) Meghan's retirement fund has an accumulated amount of $40,000. If it has been earning interest at 2.14% compounded monthly for the past 24 years, calculate the size of the equal payments that she deposited at the beginning of every 3 months.

________ Round to the nearest cent

7) You invested $8,500 at the end of each year for 6 years in an investment fund. At the end of year 6, if the balance in the fund was $66,000, what was the nominal interest rate compounded annually?

_________% Round to two decimal places

10) Your RRSP savings of $37,500 are converted to a RRIF at 4.77% compounded monthly that pays $5,290 at the beginning of every month. After how many payments will the fund be depleted?

________ Round to the next payment