Hi!

Can you please help me with these questions as my teacher did not provide the answers.

Thanks!

Mr Hopper is expected to retire in 25 years and he wishes to accumulate $750,000 in his retirement fund by that time. If the interest rate is 2% per quarter, how much should Mr Hopper put into the retirement fund every three months in order to achieve this goal? [Assume that the payments are made at the end of each quarter] a. $23,415.33 b. $7,500 c. $5,798.95 d. $17,402.06 e. $2,402.06 Which of the following cannot be calculated? I. present value of an ordinary annuity II. present value of a perpetuity III. future value of an ordinary annuity IV. future value of a perpetuity O a. IV only b. I, II, III, and IV c. I and III only d. III and IV only. Oe. I, II, and Ill only Your yearly loan repayments on a $400,000 loan over eight years are $64,414.38. If the interest rate is 6% p.a., what is the loan outstanding at the end of the first year? a. $359,585.62 b. $335,585.62 c. $440,414.38 d. $311,585.62