Anna secured a 4-year car lease at 5.60% compounded annually that required her to make payments of $888.55 at the beginning of each month. Calculate the cost of the car if she made a downpayment of $3,250. Round to the nearest cent Kimmie signed a loan agreement that required monthly payments of $235.50 at the end of each month for 6 years at 6.0% compounded monthly. a. How much was the original loan? Round to the nearest cent Round to the nearest cent b. How much interest did she pay in total? Round to the nearest cent Austin contributed $1,650 at the end of every 3 months into an RRSP fund earning 3.55% compounded quarterly for 9 years. a. What is the future value of the fund at the end of 9 years? Round to the nearest cent Round to the nearest cent b. What is the amount of interest earned over this period? Round to the nearest cent Calculate the future value of end-of-quarter payments of $4,000 made at 7.54% compounded monthly for 5 years. Round to the nearest cent A loan, amortized over 7 years, is repaid by making payments of $1,000 at the end of every month. If the interest rate is 3.25% compounded semi-annually, what was the loan principal? Round to the nearest cent What is the accumulated value of periodic deposits of $5,000 made into an investment fund at the beginning of every six months, for 6 years, if the interest rate is 3.50% compounded semi-annually? Round to the nearest cent You plan to save money for a down payment of $36,000 to purchase an apartment. You can only afford to save $6,000 at the end of every 6 months into an account that earns interest at 5.50% compounded monthly. How long will it take you to save the planned amount? Brooke leased equipment worth $45,000 for 6 years. If the cost of borrowing is 5.72% compounded quarterly, calculate the size of the lease payment that is required to be made at the beginning of each quarter. Round to the nearest cent