Mr. Merkel has contributed ​$196.00 at the end of each year into an RRSP paying 5% per annum compounded Question content area bottom Part 1 How much will Mr. have in the RRSP after 18 ​years? ​$    enter your response here ​(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as​ needed.) Part 2 How much of the above amount is​ interest? ​$    enter your response here ​(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as​ needed.)

Jim Rice made deposits of $450 at end of each year for seven years. The rate is 12 percent compounded annually. The value of Jim's annuity at end of seven years is: (Use the tables in the textbook.) O a. $3,373.03 Ob.$3,777.30 Oc $3,651.75 Od.$4,540.05 Moving to another question will save this response. « Show All Informative Top....docx

Question: Doris purchased a Steinway concert piano for $132,000 with a down payment of 25%, and a loan for the balance. If she made equal monthly payments of $1650 at 4.95% compounded semi-annually, how long will it take to pay off the loan? (Give your answer in years and months) PLEASE PROVIDE FINANCIAL CALCULATOR TABLE

Assume the total cost of a college education will be $365,000 when your child enters college in 18 years. You presently hae $59.000 to invest What annual rate of interest must you eam on your investment to cover the cost of your chid's colege education? (De net round intermediate calculetions and enter your answer as a percent rounded to 2 decimal pleces, eg. 32.16)

Economics Determine the future amount of money that will be withdrawn when i= 12% per year, compounded semiannually and the annual payments are $1000 for 6 years, starting 12 years from now. Select one: O a. 8189.0 O b. 9826.8 Oc. 11464.0 O d. 13102.4 O e. 14740.2 O f. 16378 Next page

Mark Harris must decide how to invest $20,000 that he just inherited. What would be the future value of his investment after 7 years under each of the following three investment opportunities? (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny.)a. 6.48 percent compounded quarterly. Value of investment after 7 years   $  b. 6.00 percent compounded monthly. Value of investment after 7 years   $  c. 6.23 percent compounded continuously. Value of investment after 7 years   $

Solve the following problem using either Table 11-1 or Table 11-2 from your text. When necessary, create new table factors. (Round new table factors to five decimal places, round dollars to the nearest cent and percents to the nearest hundredth of a percent) Marcus invests $9,500, at 9% interest, compounded annually for 18 years. Calculate the compound interest for his investment.   a. $15,390.00 b. $24,890.00     c. $35,312.64 d. $44,812.64

Can anyone help me to answer this ?

(b) Chris Hitchcock is 43 years old today and he wishes to accumulate $512.000 by his 65 th birthday so he can retire to his summer place on Lake Hopatcong. He wishes to accumulate this amount by making equal deposits on his 43 th through his 64 th birthdays. What annual deposit must Chris make if the fund will earn 8% interest compounded annually? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Annual deposit eTextbook and Media Save for Later Attempts: unlimited Submit Answer %24

100. Subject  :- Finance