Your RRSP savings of $55,000 are converted to a RRIF at 3.74% compounded monthly that pays $5,350 at the beginning of every month. After how many payments will the fund be depleted? Round to the next payment Samuel leased equipment worth $75,000 for 6 years. If the cost of borrowing is 6.62% compounded quarterly, calculate the size of the lease payment that is required to be made at the beginning of each quarter. Round to the nearest cent Jonathan's retirement fund has an accumulated amount of $60,000. If it has been earning interest at 3.67% compounded monthly for the past 15 years, calculate the size of the equal payments that he deposited at the beginning of every 3 months. Round to the nearest cent