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solution QUESTION 1 A How much money must be invested today if you are able to withdraw $511 payments at the end of each year
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QUESTION 1 A How much money must be invested today if you are able to withdraw $511 payments at the end of each year for 11 years? The nominal rate of interest is 2.2% comp monthly? Round your answer to the nearest cent (2 decimal places). QUESTION 2 QUESTION 1 How much money must be invested today if you are able to withdraw $511 payments at the end of each year for 11 years? The nominal rate of interest is 2.2% compounded monthly? Round your answer to the nearest cent (2 decimal places). QUESTION 2 You deposit $826 into your savings acount at the beginning of each month for 5 years. If your savings account pays 3.5% interest compounded monthly, how much money will you have in your account at the end of 5 years? QUESTION 3 For the past 12 years, Yasmin has been investing $400 every month into an RRSP. For the first 7 years she was earning 3.45% compounded quarterly and for the last 5 years 7 she was earning 3.32% compounded monthly. How much money does Yasmin have in her account today? Round your final answer to 2 decimal places
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