Hui deposits $800 at the end of every 3 months in an RRSP that is earning 5.10% compounded semi-annually. For the RRSP to accumulate to $33,000, calculate the following:

a. How many deposits will he have to make?

b. How long will he have to make these deposits? (Years & Months)

Thomas will make payments of $150 at the end of every month to settle a loan of $800 at 3.90% compounded semi-annually that he received to purchase a television.

a. How many deposits will he have to make?

b. How long will he have to make these payments? (years and months)