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Please indicate the solutions and answers for each question. Thank you Round to the nearest cent 4. Carlos invested $80 at the end of every

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Please indicate the solutions and answers for each question. Thank you

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Round to the nearest cent 4. Carlos invested $80 at the end of every month into an RRSP for 12 years. If the RRSP was growing at 3.20% compounded quarterly, how much did she have in the RRSP at the end of the 12-year period? Round to the nearest cent 5. A payment of $1,000 was made into an account at the end of every 3 months for 12 years. a. If the interest rate for the first 5 years was 5.00% compounded monthly, calculate the future value at the end of the first 5 years. Round to the nearest cent b. If the interest rate for the next 7 years was 4.00% compounded annually, calculate the future value at the end of the 12 year term. Round to the nearest cent 6. While buying a new car, Abigail made a down payment of $1,100 and agreed to make month-end payments of $320 for the next 5 years and 5 months. She was charged an interest rate of 1% compounded semi-annually for the entire term. a. What was the purchase price of the car? Round to the nearest cent b. What was the total amount of interest paid over the term? Round to the nearest cent1. Holly saved $120 at the end of every month for 4 years in her bank account that earned 3.90% compounded monthly. a. What is the accumulated value of her savings at the end of 4 years? Round to the nearest cent b. What is the interest earned over the 4-year period? Round to the nearest cent 2. Calculate the amount of money Matthew had to deposit in an investment fund growing at an interest rate of 2.50% compounded annually, to provide her daughter with $13,500 at the end of every year, for 2 years, throughout undergraduate studies. Round to the nearest cent 3. Olivia planned to buy a house but could afford to pay only $9,500 at the end of every 6 months for a mortgage with an interest rate of 4.10% com- pounded semi-annually for 25 years. She paid $29,500 as a down payment. a. What was the maximum amount she could afford to pay for a house? Round to the nearest cent b. What was her total investment through the mortgage period (not taking the time-value of money into account)? Round to the nearest cent c. What was the total amount of interest paid through the mortgage period

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