Zachary deposited $1,200 at the end of every month into an RRSP for 6 years. The interest rate earned was 3.50% compounded semi-annually for the first 4 years and changed to 3.75% compounded monthly for the next 2 years. What was the accumulated value of the RRSP at the end of 6 years?
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- Halep Inc. borrowed $30,000 from Davis Bank and signed a 4-year note payable stating the interest rate was 4% compounded annually. Halep Inc. will make payments of $8,264.70 at the end of each year. Prepare an amortization table showing the principal and interest in each payment.Kelsey deposited $1,100 at the end of every month into an RRSP for 6 years. The interest rate earned was 4.50% compounded semi- annually for the first 5 years and changed to 4.75% compounded monthly for the next 1 years. What was the accumulated value of the RRSP at the end of 6 years? Round to the nearest centAlexis deposited $1,000 at the end of every month into an RRSP for 7 years. The interest rate earned was 3.50% compounded semi-annually for the first 3 years and changed to 3.75% compounded monthly for the next 4 years. What was the accumulated value of the RRSP at the end of 7 years? Round to the nearest cent
- Anika deposited $900 at the end of every month into an RRSP for 8 years. The interest rate earned was 5.50% compounded semi-annually for the first 4 years and changed to 5.75% compounded monthly for the next 4 years. What was the accumulated value of the RRSP at the end of 8 years? Round to the nearest cent Question 3 of 6 XKiara deposited $1,000 at the end of every month into an RRSP for 8 years. The interest rate earned was 4.25% compounded semi-annually for the first 3 years and changed to 4.50% compounded monthly for the next 5 years. What was the accumulated value of the RRSP at the end of 8 years? $0.00 Round to the nearest centCasey deposited $1,100 at the end of every month into an RRSP for 8 years. The interest rate earned was 5.75% compounded semi- annually for the first 2 years and changed to 6.00% compounded monthly for the next 6 years. What was the accumulated value of the RRSP at the end of 8 years?
- . Eric deposited $1,400 at the end of every month into an RRSP for 8 years. The interest rate earned was 4.75% compounded semi-annually for the first 4 years and changed to 5.00% compounded monthly for the next 4 years. What was the accumulated value of the RRSP at the end of 8 years?Courtney deposited $1,100 at the end of every month into an RRSP for 8 years. The interest rate earned was 4.75% compounded semi- annually for the first 3 years and changed to 5.00% compounded monthly for the next 5 years. What was the accumulated value of the RRSP at the end of 8 years?Laura deposited $1,100 at the end of every month into an RRSP for 6 years. The interest rate earned was 4.75% compounded semi-annually for the first 4 years and changed to 5.00% compounded monthly for the next 2 years. What was the accumulated value of the RRSP at the end of 6 years?
- You decide to deposit $103 monthly in a 2.98% annual interest bearing account over the next 8 years. What is the gross amount actually placed in the account?Alice deposits $ 100 into an account today and $ 200 five years later . Interest for the first 10 years is credited at a nominal discount rate of d compounded semi - annually , and thereafter at a nominal interest rate of 8 % compounded quarterly. The accumulated balance at the end of 20 years is $ 1000. Calculate d .Dylan deposits $10,000 now and makes an additional deposit of $5,000 at the end of Year 3 in the same account. Determine the balance in the account at the end of 10 years if the interest rate is a nominal 8%, compounded quarterly