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?
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- If Bergen Air Systems takes out a $100,000 loan, with eight equal principal payments due over the next eight years, how much will be accounted for as a current portion of a noncurrent note payable each year?Meghan 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?Jenna 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?
- 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 centEdward 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 centRebecca 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 cent
- 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 Round to the nearest centDetermine 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.A trust fund with an initial balance of $35500 earns interest at 2.7% compounded monthly. If withdrawals of $1310 are made at the end of every three months, starting 8 years from now, how long will the trust fund last? Answer in QUARTERS. Round properly
- At the beginning of each month, $200 is deposited into a retirement fund. The fund earns 6% annual interest, compounded monthly, and paid into the account at the end of the month. How much is in the account if deposits are made for 10 years?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?What is the accumulated value of periodic deposits of $3,500 made into an investment fund at the beginning of every six months, for 5 years, if the interest rate is 4.25% compounded semi-annually? Round to the nearest cent