How much will deposits of $25 made at the end of each month amount to after 10 years if interest is 5% compounded quarterly? Reference Example 12.1B Langara Woodcraft borrowed money to purchase equipment. The loan is repaid by making payments of $924.37 at the end of every three months over seven years. If interest is 7.3% compounded annually, what was the original loan balance? Derrick bought a car priced at $9300 for 15% down and equal monthly payments for four years. If interest is 8% compounded semi-annually, what is the size of the monthly payment? Mr. Deneau accumulated $100 000 in an RRSP. He converted the RRSP into a RRIF and started to withdraw $4500 at the end of every three months from the fund. If interest is 6.75% compounded monthly, for how long can Mr. Deneau make withdrawals?What is the nominal annual rate of interest compounded quarterly if deposits of $253 made each month for 3 years accumulate to $11 600