Assignment om/collegelink/#/course-resource/section/13288/assignment/22631ew ance MBF 100 - NAA Lab #7 Close Date: Sun, Nov 13, 2022, 11:59 PM Closes In: 02:27:59 Question 1 of 6 Questions Question 1 (3) Raymond made equal deposits at the beginning of every 3 months into an RRSP. At the end of 8 years, the fund had an accumulated value of $45,000. If the RRSP was earning Question 2 (2) 3.50% compounded monthly, what was the size of the quarterly deposits? Question 3 (2) Question 4 (2) Round to the nearest cent Question 5 (6) Question 6 (2)Close Date: Sun, Nov 13, 2022, 11:59 PM Question 3 of 6 A loan of $21,600.00 at 6.50% 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. O $2,366.91 O $3,004.66 O $2,564.59 $2,806.61ance MBF 100 - NAA bil Lab #7 Close Date: Sun, Nov 13, 2022, 11:59 PM Closes In: 02:27:00 Question 4 of 6 Questions $327.18 Question 1 (3) Question 2 (2) b. How long will it take for the $13,625.00 to accumulate to $40,400.00 if the interest Question 3 (2) rate remained the same and he continued making the same month-end deposits Question 4 (2) throughout the term? Question 5 (6) 5 years and 5 months Question 6 (2) 7 years and 5 months 4 years and 5 months 0 4 years and 8 months SAVE PROGRESS SLm/collegelink/#/course-resource/section/13288/assignment/22631ew ance MBF 100 - NAA ~ bi Lab #7 Close Date: Sun, Nov 13, 2022, 11:59 PM Closes In: 02:26:50 Question 5 of 6 Questions Question 1 (3) Lush Gardens Co. bought a new truck for $60,000. It paid $6,600 of this amount as a down payment and financed the balance at 4.41% compounded semi-annually. If the Question 2 (2) company makes payments of $2,000 at the end of every month, how long will it take to Question 3 (2) settle the loan? Question 4 (2) years months Question 5 (6) Express the answer in years and months, rounded to the next payment period Question 6 (2)Close Date: Sun, Nov 13, 2022, 11:59 PM Question 3 of 6 U DJ, UU4. 00 O $2,564.59 O $2,806.61 b. Calculate the total interest paid. O $4,045.90 O $25,645.90 O $1,481.31 O $6,610.49 CDESCnew Finance MBF 100 - NAA - Lab #7 Close Date: Sun, Nov 13, 2022, 11:59 PM Closes In: 02:27:45 Question 2 of 6 Questions Question 1 (3) Raymond received a $36,950 loan from a bank that was charging interest at 4.50% compounded semi-annually. Question 2 (2) Question 3 (2) a. How much does she need to pay at the end of every 6 months to settle the loan in 5 Question 4 (2) years? Question 5 (6) Question 6 (2) Round to the nearest cent b. What was the amount of interest charged on the loan over the 5-year period? SAVE PROGRESSta.com/collegelink/#/course-resource/section/13288/assignment/22631ew d Finance MBF 100 - NAA - Lab #7 Close Date: Sun, Nov 13, 2022, 11:59 PM Closes In: 02:27:07 Question 4 of 6 Questions Question 1 (3) Catherine made periodic deposits into a savings account at the end of every month for 3 years. The investments were earning 7.80% compounded quarterly and grew to Question 2 (2) $13,625.00 at the end of 3 years. Question 3 (2) O Question 4 (2) a. Calculate the size of the month-end deposits. Question 5 (6) O $348.20 Question 6 (2) O $337.39 $264.58 O $327.185 268/assignment/22631ew Finance MBF 100 - NAA - Lab #7 Close Date: Sun, Nov 13, 2022, 11:59 PM Closes In: 02:26:43 Question 6 of 6 Questions Question 1 (3) Lush Gardens Co. bought a new truck for $68,000. It paid $6,800 of this amount as a down payment and financed the balance at 6.50% compounded semi-annually. If the Question 2 (2) company makes payments of $1,600 at the end of every month, how long will it take to Question 3 (2) settle the loan? Question 4 (2) years months Question 5 (6) Express the answer in years and months, rounded to the next payment period O Question 6 (2) SAVE PROGRESS