$7.$ Calculate the amount of an annuity of $$1500$ deposited at the end of each six$-$month period for $8$ years at

$5\mathrm{.}25\%$ per annum, compounded semi$-$annually. $/3$

Answer $=\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

mortgage

land transfer tax amortization bi $-$ weekly semi $-$ monthly

mortgagee annuity

collateral

compounding rebate tax mortgagor

CMHC

N $=\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

I$\%=\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

PV $=\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

PMT $=\_\_\_\_\_\_\_\_\_\_\_\_$

FV $=\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

P$/$Y $=\_\_\_\_\_\_\_\_\_\_\_\_\_$

C$/$Y $=\_\_\_\_\_\_\_\_\_\_\_\_\_$

$8.$ Jamie wants to buy a computer that will cost $$1200$ one year from now. How much should he deposit at the

end of each month in an account that pays $7\mathrm{.}35\%$ per annum, compounded monthly?