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A contract can be fulfilled by making an immediate payment of $20.800 or equal payments at the end of every aix monthis for 9 years.

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A contract can be fulfilled by making an immediate payment of $20.800 or equal payments at the end of every aix monthis for 9 years. What is the size of the semi-annually payments at 8.7% compounded semi-annually? The payment is 5 (Found the final answer to the nearest cent as needed. Round all internvediate values to six decimal places as neoded.) How much will Mr. Kinders have in the RRSP after 15 years? (Round the final answer to the nearest cent as needed. Round all intermediate values to aix decimal piaces as needed.) How much of the above amount is interest? (Round the final answer to the nearest cent as needed. Round all intermediate values to siox decimal places as needed.)

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