Assignment 2 1. Brooke pays $239.52 a car lease at the beginning of every quarter for 5 years and 9 months at 4.46% compounded quarterly. What type of annuity is this? 2. Jaspreet receives $3,200 from an investment at the beginning of every quarter for 7 years and 9 months at 4.94% compounded semi-annually. How many payments are there in this annuity (rounded up to the next payment)? 3. A loan of $36,550.00 at 5.00% compounded semi- annually is to be repaid with payments at the end of every 6 months. The loan was settled in 5 years. a. Calculate the size of the periodic payment. Round to the nearest cent. b. Calculate the total interest paid. Round to the nearest cent. 4. Heather deposited $100 at the end of every month into an RRSP for 5 years. The interest rate earned was 5% compounded daily. What was the accumulated value of the RRSP at the end of the 5 years? Round to the nearest cent