Shawn made equal deposits at the beginning of every 3 months into an RRSP. At the end of 10 years, the fund had an accumulated value of $55,000. If the RRSP was earning 2.25% compounded monthly, what was the size of the quarterly deposits? $1,202.18 X $1,222.80
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- Edward made equal deposits at the beginning of every 3 months into an RRSP. At the end of 6 years, the fund had an accumulated value of $40,000. If the RRSP was earning 3.75% compounded monthly, what was the size of the quarterly deposits? $0.00 Round to the nearest centJenna made equal deposits at the beginning of every 3 months into an RRSP. At the end of 6 years, the fund had an accumulated value of $55,000. If the RRSP was earning 3.50% compounded monthly, what was the size of the quarterly deposits?Lindsey made equal deposits at the beginning of every 3 months into an RRSP. At the end of 9 years, the fund had an accumulated value of $50,000. If the RRSP was earning 3.25% compounded monthly, what was the size of the quarterly deposits?
- Rebecca made equal deposits at the beginning of every 3 months into an RRSP. At the end of 10 years, the fund had an accumulated value of $55,000. If the RRSP was earning 4.50% compounded monthly, what was the size of the quarterly deposits? $0.00 Round to the nearest centMeghan made equal deposits at the beginning of every 3 months into an RRSP. At the end of 6 years, the fund had an accumulated value of $55,000. If the RRSP was earning 3.50% compounded monthly, what was the size of the quarterly deposits?Give typing answer with explanation and conclusion Patricia made equal deposits at the beginning of every 3 months into an RRSP. At the end of 10 years, the fund had an accumulated value of $45,000. If the RRSP was earning 4.75% compounded monthly, what was the size of the quarterly deposits?
- Nicole made equal deposits at the beginning of every 3 months into an RRSP. At the end of 8 years, the fund had an accumulated value of $40,000. If the RRSP was earning 3.75% compounded monthly, what was the size of the quarterly deposits? Round to the nearest centA fund is created by making equal monthly deposits of P4,000 at 9% converted monthly for half a year. Find the following: 1. the sum after half a year2. periodic depositChoices a. 0.75b. 0.0075c. 6d. 1/2e. P24, 454.53f. P16, 180.90g. P4,000.00Determine the monthly payment necessary to accumulate $30,000 in a fund paying 6% per year, compounded monthly, for 8 years. (Assume end-of-period deposits and compounding at the same intervals as deposits.) Round your answer to the nearest cent. $244.24 per month $281.72 per month $220.71 per month $286.72 per month
- Determine the monthly payment necessary to accumulate $30,000 in a fund paying 6% per year, compounded monthly, for 8 years. (Assume end-of-period deposits and compounding at the same intervals as deposits.) Round your answer to the nearest cent.Ahmad is making $1,000 monthly deposits into a fund that pays interest at a rate of 6% compounded monthly.What would be the balance at the end of 10 years? Select one: a. $163,879 b. $127,200 c. $159,423 d. $158,169Ali is making $1,000 monthly deposits into a fund that pays interest at a rate of 6% compounded monthly.What would be the balance at the end of 10 years? Select one: a. $127,200 b. $159,423 c. $158,169 d. $163,879