Question: A contract can be fulfilled by making an immediate payment of $20.800 or equal payments at the end of every aix monthis for 9 years.

A contract can be fulfilled by making an immediate payment of $20.800 or equal payments at the end of every aix monthis for 9 years. What is the size of the semi-annually payments at 8.7% compounded semi-annually? The payment is 5 (Found the final answer to the nearest cent as needed. Round all internvediate values to six decimal places as neoded.) How much will Mr. Kinders have in the RRSP after 15 years? (Round the final answer to the nearest cent as needed. Round all intermediate values to aix decimal piaces as needed.) How much of the above amount is interest? (Round the final answer to the nearest cent as needed. Round all intermediate values to siox decimal places as needed.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

1. An investment of $4887.23 earns interest at 6.3% per annum compounded annually for 3 years. At that time the interest rate is changed to 13.8% compounded monthly. How much will the accumulated...

Mei Li invested $330 at the end of each quarter at 3.9% compounded quarterly. At the end of eight years, she was able to withdraw equal amounts at the end of each quarter for two years. How much is...

I need answer for question 1 A contract can be fulfilled by making an immediate payment of $8298, or equal payments at the end of every year for 5 years. What is the size of the annual payments at 6%...

Hi, Can you help me with some more questions: 1. What payment, made at the end of each three months for 13 years, will accumulate to $ 11 comma 000 at 6 % compounded monthly question mark Question...

A contract can be fulfilled by making an immediate payment of $12,500 or equal payments at the end of every six months for 8 years. What is the size of the semi-annually payments at 5.4% compounded...

1. A contract can be fulfilled by making an immediate payment of $7,500 or equal payments at the end of every 6 months for 10 years. What is the size of the semi-annual payments at 9.6% compounded...

1) What payment, made at the end of each three months for 13 years, will accumulate to $ 11,000 at 6 % compounded monthly ? 2. Edwin has made deposits of $157.00 into his savings account at the end...

Please answer all of them. I'll up vote you from my and my friends accounts. Thank You... Cameron is saving for his retirement 20 yeats from now by setting up a savings plan. He has set up a savings...

1. Compare and contrast self-conscious emotions and cognitively complex emotions. Provide real-world examples to support your claims. 2. Following ones inner nature is not always easy, given cultural...

(True and false) 1. When hiring, it is usually difficult to know which employees are capable of committing fraud, especially without performing background checks. 2. The three elements of the fraud...

Please discuss the difference between a conventional mortgage and an FHA mortgage.

Skills necessary for success in marketing include Multiple select question. analytical thinking advertising industry experience infallibility ability to work with others

Indicate how each of the methodologies below might be used to evaluate each individual tactic.

What is the per-capita cost?

Timeline for progress report