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Which of the following problems can be solved using the present value of a lump sum formula introduced in this class? a . Pascal opens

Which of the following problems can be solved using the present value of a lump sum formula introduced in this class?
a.
Pascal opens and deposits $10,000 today in a registered retirement savings plan (RRSP) that pays 5% per annum compounded monthly. He wishes to know how much the account will be worth in 20 years if he makes no further deposits.
b.
Gary takes a loan that accrues at 5.5% interest, compounded quarterly. He wishes to know how much he will owe at the end of 3 years.
c.
Chris is setting up a college fund for her niece. He wants her to have $30,000 in 10 years. The college savings fund earns interest at a nominal rate of 4.5% convertible semi-annually. He wishes to know how much he should deposit in the fund today.
d.
Scottie purchases a 10-year certificate of deposit (CD) that pays 8.8% per annum compounded quarterly. He wishes to know how much he will have when the CD matures.
e.
Fred puts $ 23,000 into a money market fund. The fund will earn interest at the rate of 2.2% per year, compounded semi-annually. He wishes to know how much the fund will be worth at the end of 5 years.
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