Tepechom or to sliber Tavo bing issuedm lalol and & tenWV (3 marks) At age 65, a mian takes his life savings of 800,000 and purchases a 20-year annuity with monthly payments. What is the monthly payment if the interest rate is 3% compounded daily? boonuogmoo did to aim lemedline la mimay as tovo boathome al opeghar DOO, DOES A fechaM O) 2 2. [3 Marks) Jenny has made deposits of $260 at the end of each month for 2 years into an investment fund naming / = H What monthly deposits for the next 12 months will bring the fund up to $10,0007 3. (3 Marks) Determine the present value of a deferred perpetuity of $1000 per year if the first . payment is due at the end of six years, The interest rate is /2 = 49 4. (5 Marks). A $300,COD mortgage is amortized over 25 years at an interest rate of 8% compounded semi-annually a. You decide to make payments monthly. calculate the monthly payment.b. How much interest is paid in the first's years or he morJordisMe equip ni show HIM CE What is the total Interest paid over the life of the mortgage? fetch bobnuogmos ofE ei shin teenstril ertl tinamyng wlfrom all el Jer. atrome YIdiom 5. (5 Marks) A $300 090 mongage is amorized over 25 years yl an Interest rate of 6% compounded semi annually- a. You decide to make payments weekly, calculate the wackly payment. The offe Get stol nino dang to boo net in Dese to alapqeb sbem sul vis. (amEMC] S b. For the 104" payment, how much of the payment goes to reduce the cutslanding balance on the mortgage? e How much interest is paid in the third year of the mortgage? d. What is the total interest paid over the life of the mortgage