Question: 2. value 10.00 points A 20-year annuity was purchased with $180,000 that had accumulated in an RRSP. The annuity provides a semiannually compounded rate of
2. value 10.00 points A 20-year annuity was purchased with $180,000 that had accumulated in an RRSP. The annuity provides a semiannually compounded rate of return of 5% and makes equal month-end payments. (Do not round the intermediate calculations. Round your answers to two decimal places.) a. What will be the principal portion of Payment 134? Principal in Payment 134 will be $ b. What will be the interest portion of Payment 210? Interest in Payment 210 will be $ c. How much will the annuity's balance be reduced by Payments 75 to 100 inclusive ? Principal paid by Payment 75 to Payment 100 inclusive will s d. How much interest will be paid in the sixth year? Interest paid in Year 6 will be $ References Worksheet Learning Objective: 13-02 Calculate the principal balance after any payment Leaming Objective: 13-04 Calculate any payment of group of payment
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