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Jamal wants to start contributing beginning-of-quarter payments of $2,000 to his RRSP for the next ten years. Referring to the ?s in the table, and

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Jamal wants to start contributing beginning-of-quarter payments of $2,000 to his RRSP for the next ten years. Referring to the "?"s in the table, and considering inflows and outflows of cash, enter the appropriate values in the blanks below each question. a. If money earns interest of 8.2% compounded annually, how much will Jamal have in his RRSP 10 years from now? Mode N IY CY PV PMT PY FV BGN ? 8.2 1 ? -2,000 ? ? b. After the ten years, Jamal plans to use his earnings to purchase a 12-year annuity that is expected to earn 8.5% compounded semi-annually. What monthly payment, at the beginning of each month, will Jamal receive with this annuity? Mode N IY CY PV PMT PY FV BGN ? 8.5 2 ? ? 12 ? N = A/ PV = AJ PMT = N FV =

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