Heather receives $7,500 at the end of every month for 1 years and 10 months for money that she loaned to a friend at 3.26% compounded monthly. a.

What type of annuity is this?

Ordinary simple annuity

Ordinary general annuity

Simple annuity due

General annuity due

b. How many payments are there in this annuity?

2.Heather contributed $2,625 at the end of every 3 months into an RRSP fund earning 2.44% compounded quarterly for 10 years.

a. What is the future value of the fund at the end of 10 years?

Round to the nearest cent

b. What is the amount of interest earned over this period?

Round to the nearest cent