You just received an inheritance of $123,456. How long would you need to leave it in an RRSP earning 2.5% compounded semi-annually to earn $800 (end of) monthly for 20 years? Assume the same RRSP interest rates for the payment stage as the deferred stage. Hint: There are two stages here. a) Draw a timeline HERE. Comments b) Describe how you will solve this problem in one or two sentences. Work c) How long would you need to leave it in an RRSP earning 2.5% compounded semi-annually to earn $800 (end of) monthly for 20 years? Work SETTING ON /Y PMT PV CALCULATOR BGN or END P/Y C/Y

You expect to receive an inheritance of $50,000 (actual) six years from now. What is its present worth at a real interest rate of 4% per year and an inflation rate of 3% per year. Please workout and do not use excel or if you use excel shows steps and formulas thank you!

I have both the final answer yet cannot figure it out what is the detail algorithmn of the equation. I need you to solve this question in a comprehensive way with step by syep solution by showing me how was the 0.0834 be calculated.  . Don't want excel calculator's answer. Thanks

Suppose Rachel and Nadia buy a house and have to take out a loan for $191000. If they qualify for an APR of 4.25% and choose a 30 year mortgage, we can find their monthly payment by using the PMT formula. If Rachel and Nadia decide to pay $1500 per month, we can use goal seek to see how many years it will take to pay off the loan. Use the PMT function and goal seek (as needed) to answer the following questions about Rachel and Nadia's mortgage. a. What is their monthly payment on the 30 year loan? $ b. If they qualify for the same APR on a 15 year loan, what will the new monthly payment be? $ c. If Rachel and Nadia have monthly payments of $1500 each month, how long will it take for them to pay off their loan? years d. If they want to have monthly payments of $650 and still pay the loan off in 30 years, what interest rate would they have to qualify for? %