Ms$.$ Santos has contributed $$4,000\mathrm{.}00$ per year for the last ten years into an RRSP account earning

$9\mathrm{.}00\%$ compounded annually. Suppose he leaves the accumulated contributions for another five years in

the RRSP at the same rate of interest. How much will Ms$.$ Santos have in total in her RRSP account?

An installment contract for the purchase of a car requires payments of $$568\mathrm{.}60$ at the end of each

month for the next three years. Suppose interest is $12\mathrm{.}0\%$ p$.$a$.$ compounded monthly. What is the amount

financed and how much is the interest cost?

Sandra saves $$17\mathrm{.}25$ at the end of each month and deposits the money in an account, paying $4\mathrm{.}96\%$

compounded quarterly. How much will she accumulate in $22$ years and how much of the accumulated

amount is interest?

What is the accumulated value after $11\mathrm{.}25$ years of monthly deposits of $$415\mathrm{.}00$ earning interest at

$5\mathrm{.}56\%$ compounded semi$-$annually if the deposits are made at the end of each month?

A loan is repaid by making payments of $$6,000\mathrm{.}00$ at the end of every six months for twelve years. If

interest on the loan is $8\%$ compounded quarterly, what was the principal of the loan?

A student bought a rental property for $$30,000\mathrm{.}00$ down and monthly payments of $$1,100\mathrm{.}00$ for $5$

years. What is the equivalent cash price if money is worth $5\mathrm{.}25\%$ compounded semi$-$annually?

If a loan was repaid by monthly payments of $$9,230\mathrm{.}00$ in $7\mathrm{.}5$ years at $6\mathrm{.}15\%$ compounded annually,

how much interest was paid?

Carl borrowed $$20,000\mathrm{.}00$ from his father to finance his new business. The loan agreement calls for

equal payments at the end of each month for $10$ years. The payments are deferred for $4$ years and interest

is $4\mathrm{.}00\%$ compounded semi$-$annually. What is the size of the monthly payments?

A $$120,000\mathrm{.}00$ mortgage is amortized over $25$ years. If interest on the mortgage is $8\mathrm{.}5\%$ compounded

semi$-$annually, calculate the size of monthly payments made at the end of each month.

For how long must $$179\mathrm{.}23$ be deposited at the end of each month to accumulate to $$9,700\mathrm{.}00$ at $6\mathrm{.}18\%$

compounded quarterly?

A $$360,000\mathrm{.}00$ mortgage is amortized by making monthly payments of $$2,600.$ If interest is $7\mathrm{.}5\%$ com$-$

pounded semi$-$annually, what is the term of the mortgage?