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A $255,000 amount from an RRSP is used to purchase an annuity paying $7500 at the end of each quarter. The annuity provides an annually

A $255,000 amount from an RRSP is used to purchase an annuity paying $7500 at the end of each quarter. The annuity provides an annually compounded rate of return of 10%.

a) What will be the amount of the final payment?

b) What will be the interest portion of the 27th payment?

c) What will be the principal portion of the 53rd payment?

d) How much interest will be paid by the payments received in the 6th year

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