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Please answer all questions correctly. Thanks Mr. Merkel has contributed $211.00 at the end of each month into an RRSP paying 4% per annum compounded
Please answer all questions correctly. Thanks
Mr. Merkel has contributed $211.00 at the end of each month into an RRSP paying 4% per annum compounded annually. How much will Mr. Merkel have in the RRSP after 10 years? $ 30952.84 (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) How much of the above amount is interest? $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Find the present value of the following ordinary annuity. Term Interest Rate Periodic Payment $2600 Payment Interval 1 year Conversion Period semi-annually 3 years 11% The present value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)Step by Step Solution
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