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Kindly assist me ASAP Question 1 a) A company deposited $15,000 into an investment fund at the beginning of every quarter for 4 years. It
Kindly assist me ASAP
Question 1 a) A company deposited $15,000 into an investment fund at the beginning of every quarter for 4 years. It then stopped making deposits into the fund and allowed the investment to grow for 5 more years. The fund was growing at 5.25% compounded monthly. i. What was the accumulated value of the fund at the end of 4 years? Round to the nearest cent ii. What was the accumulated value of the fund at the end of 9 years? Round to the nearest cent b) What should be the balance in a Registered Retirement Income Fund (RRIF) that will provide $3,000 at the beginning of each month for 6 years, if the RRIF earns 3.25% compounded semi-annually? Round to the nearest cent Activate Windows Go to Settings to activate vStep by Step Solution
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