Question: 5. Sharon plans to contribute $400 to an RRSP every quarter for the next 28 years. During this time, the 3. Consider the sketch below

5. Sharon plans to contribute $400 to an RRSP every quarter for the next 28 years. During this time, the 3. Consider the sketch below and fill in the blanks: (5 marks) RRSP is expected to earn 9.8% compounded quarterly. a) What is the amplitude? a. How much money will she have when she retires? (4 marks) b) What is the equation of the axis? c) State the Domain d) State the Range e) The value of the function at 4950 is: b. How much interest has she earned on her investment? (2 marks) 1. Determine which investment is better by answering the following questions: (5 marks) a. Investing $3,000 at 6% compounded semi-annually for 4 years, or b. Investing $3,000 at 4.5% compounded quarterly for 3 years. c. State your conclusion. Page 5 of 8 Page 6 of 8

3. Consider the sketch below and fill in the blanks: (5 marks) a) What is the amplitude? b) What is the equation of the axis? c) State the Domain d) State the Range e) The value of the function at 495 is: 4. Determine which investment is better by answering the following questions: (5 marks) a. Investing $3,000 at 6% compounded semi-annually for 4 years, or b. Investing $3,000 at 4.5% compounded quarterly for 3 years. c. State your conclusion. 5. Sharon plans to contribute $400 to an RRSP every quarter for the next 28 years. During this time, the RRSP is expected to earn 9.8% compounded quarterly. a. How much money will she have when she retires? (4 marks) b. How much interest has she earned on her investment? (2 marks) Page 5 of 8 Page 6 of 8

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