Kerry and Andy Zell are retired and after saving their entire life, they have $230,000 in a savings account paying 3% compounded daily. What is their gain or loss in purchasing power in a year in which the CPI is 5%

Jim and Jane just married and want to purchase a house. They have $80,000 for a down payment and want to purchase a $380,000 house. If they borrow the balance for 15 years at 5.5%, how much are their monthly payments?

Monique contributed ​$500.00 every month into an RRSP for 15 years. What nominal annual rate of interest will the RRSP earn if the balance in Monique's account just after she made her last contribution was $200,000.00

From age 20 to 35, Susan deposits $350 semi-annually in a savings account paying 6.12% compounded semi-annually.  She then quits making deposits, and leaves the money to continue earning interest until she reaches age 65.  William starts later, at age 50, and deposits $2200 semi-annually in an account paying the same rate until he reaches 65.   (a) How much money will Susan have accumulated at age 65? $   (b) How much money will William have accumulated at age 65? $

Juan plans on saving $8000 each year starting at age 25 each year through age 65 (40 years). If he earns a “gross” 8% on his savings each year, how much money will he have at retirement if his account expense ratio is: 0.50% =$???????????? or 0.05%= $?????????????