Calculate the amount of money Lisa had to deposit in an investment fund growing at an interest rate of 4.50% compounded annually, to provide her daughter with $14,500 at the end of every year, for 2 years, throughout undergraduate studies. Round to the nearest cent Heather purchases a retirement annuity that will pay her $3,000 at the end of every six months for the first ten years and $700 at the end of every month for the next four years. The annuity earns interest at a rate of 3.7% compounded quarterly. a. What was the purchase price of the annuity? Round to the nearest cent b. How much interest did Heather receive from the annuity? Round to the nearest cent Derek deposited $1,300 at the end of every month into an RRSP for 7 years. The interest rate earned was 5.25% compounded semi-annually for the first 5 years and changed to 5.50% compounded monthly for the next 2 years. What was the accumulated value of the RRSP at the end of 7 years? Round to the nearest cent