Question 3 of 4 What should be the amount in an RRSP that is earning 6.00% compounded semi-annually if it can be converted to an RRIF that will provide $550 at the beginning of each quarter for 4 years? Round to the nearest cent Question 4 of 4 A contract requires lease payments of $700 at the beginning of every month for 8 years. $0.00 a. What is the present value of the contract if the lease rate is 6.30% compounded annually? Round to the nearest cent Round to the nearest cent $0.00 b. What is the present value of the contract if the lease rate is 6.30% compounded daily? $0.00