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QUESTION 1 Garrett opened an RRSP account and deposited $ 1 , 5 0 0 into it . He then deposited $ 6 0 0
QUESTION Garrett opened an RRSP account and deposited $ into it He then deposited $ at the end of the st year and $ at the end of the nd year, into the account. The RRSP was earning compounded quarterly. AWhat is the accumulated value of the investments at the end of the nd year? BWhat is the accumulated value of the investment at the end of years? QUESTION Evan was supposed to make a payment of $ in years and another payment for $ in years to Loon Company as part of a payment plan.
Instead, he is trying to reach an agreement with the company where he would pay an upfront amount now, and an amount of $ in years. Assume that money is worth compounded quarterly A Calculate the equivalent value of the $ payment and the $ payment today. B Calculate the upfront amount that he should pay under the alternative payment agreement so that the payments are equivalent.
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